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Fly News Breaks for February 12, 2019
CHGG
Feb 12, 2019 | 08:39 EDT
Craig-Hallum analyst Alex Fuhrman raised his price target for Chegg to $45 from $34 to reflect upside potential and multiple upcoming catalysts in 2H19 and beyond. The analyst notes that the company reported another beat and raise and he continues to view the robust guidance as conservatively set based off of management's long-term targets. Fuhrman reiterates a Buy rating on the shares.
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