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Fly News Breaks for February 11, 2020
CHGG
Feb 11, 2020 | 09:14 EDT
JPMorgan analyst Doug Anmuth raised his price target for Chegg to $46 from $40 and keeps an Overweight rating on the shares following the company's Q4 results. Chegg's sale guidance upside is coming entirely from the textbook business which is run at essentially breakeven, resulting in unchanged EBITDA guidance, Anmuth tells investors in a research note. He views the early results of Chegg's Study Pack as promising.
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