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Fly News Breaks for October 30, 2018
CHGG
Oct 30, 2018 | 05:37 EDT
First Analysis analyst Corey Greendale upgraded Chegg to Outperform with an unchanged price target of $30. The company's "strong" Q3 results and raised guidance, combined with the recent pullback in shares, makes the valuation more compelling, Greendale tells investors in a research note. The analyst sees strong ongoing demand for the Chegg connected learning platform.
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