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Fly News Breaks for October 5, 2016
CRTO
Oct 5, 2016 | 07:47 EDT
Morgan Stanley analyst Brian Nowak Criteo's expectations for the HookLogic acquisition imply a reduction in core growth and result in the analyst cutting 2017/18 adjusted EBIDA by 18%/$23% respectively. The analyst said the core retargeting business appears to be slowing more than expected and lowered estimates below the Street and reduced his price target to $35 from $39. Nowak rates Criteo an Equal Weight.
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