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Fly News Breaks for April 26, 2019
CLGX
Apr 26, 2019 | 08:08 EDT
SunTrust analyst Andrew Jeffrey raised his price target on CoreLogic to $42 after its Q1 earnings beat, even though the expectations were reduced with delayed timing of appraisal management company transformation. The analyst is also keeping his Hold rating on the shares, stating that while the transformation initiatives offer longer-term upside, financial results in the back half of 2019 and in 2020 could be "uneven". Amid the ongoing strategy shift, Jeffrey adds that the valuation on CoreLogic shares is "uncertain."
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