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Fly News Breaks for January 31, 2019
CMPR
Jan 31, 2019 | 09:22 EDT
SunTrust analyst Youssef Squali downgraded Cimpress to Sell and lowered his price target to $86 from $136. The analyst says the company's Q2 saw "material deceleration in growth and deterioration in margins across virtually all segments". Squali adds that while the management has acknowledged the company's poor performance and identified the drivers of weakness, he expects the solutions to take some time to implement, anticipating Cimpress' performance to "remain muted at best".
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