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Fly News Breaks for January 4, 2019
CRTO
Jan 4, 2019 | 06:41 EDT
Goldman Sachs analyst Heath Terry downgraded Criteo to Sell and lowered his price target for the shares to $20 from $24. With Criteo shares up 7% since the end of Q3 despite Internet stocks as a whole trading down 18% on average over the same period, the risk-reward in owning the stock has turned negative relative to the rest of the Internet sector, Terry tells investors in a research note. The analyst sees downside risks to Criteo's consensus estimates in 2019.
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