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Fly News Breaks for February 28, 2020
CLGX
Feb 28, 2020 | 07:44 EDT
Oppenheimer analyst Glen Greene downgraded CoreLogic to Perform from Outperform and removed his $46 price target following the company's Q4 results, citing valuation and growth challenges. Organic macro-adjusted growth accelerated but remains challenged, although CoreLogic anticipates CY20 improvement, and says the company's CY20E EBITDA multiple has increased from ~9x to ~11x, which he views as reasonable but not attractive.
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