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Fly News Breaks for October 25, 2018
CHGG
Oct 25, 2018 | 10:54 EDT
Citi analyst Nithin Pejaver earlier today upgraded Chegg to Buy from Neutral and raised his price target for the shares to $28 from $27. The selloff in the stock following the company's security breach and amid the broader market weakness provides an "attractive entry point," Pejaver told investors in a research note. The analyst expects Chegg's growth to be minimally impacted from the breach and he sees the company's Q3 results meeting expectations.
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