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Fly News Breaks for November 6, 2018
CRTO
Nov 6, 2018 | 09:44 EDT
SunTrust analyst Matthew Thornton lowered his price target on Criteo to $28 but kept his Buy rating after hosting investor meetings with its management. The analyst concluded that the company's competitive position is "stable" even though it will have to rely on salesforce hiring and non-core products to return to growth in the second half of 2019. Thornton also points to Criteo's stock buyback as evidence of the management's confidence in its strategy relative to the last quarter.
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