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Fly News Breaks for February 15, 2018
CRTO
Feb 15, 2018 | 05:28 EDT
KeyBanc analyst Andy Hargreaves upgraded Criteo to Overweight with a $50 price target. The company is building a platform that appears well positioned to serve as a primary independent data broker for retailers in the internet era, Hargreaves told investors last night in a research note. He sees this supporting "strong growth" in existing products and allowing for new products that expand the addressable market over time. Hargreaves believes Criteo's Q4 results show consistent execution and he recommends buying the shares.
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