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Fly News Breaks for February 13, 2019
CRTO
Feb 13, 2019 | 21:00 EDT
SunTrust analyst Matthew Thornton raised his price target on Criteo to $32 and kept his Buy rating after its better than expected Q4, saying the management's tone was also "decidedly positive". The analyst expects the company's revenue growth to continue accelerating and for its EBITDA margin to resume its uptrend in 2020, paving the way for more buybacks. Thornton further contends that the valuation on Criteo is attractive at 13-times his expected forward earnings.
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