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Fly News Breaks for May 1, 2019
CRTO
May 1, 2019 | 08:44 EDT
BMO Capital analyst Daniel Salmon lowered his price target on Criteo to $21 from $26 and kept his Market Perform rating, saying the company's near-term fundamental outlook has continued to deteriorate over the past few months. The analyst cites issues with its go-to-market strategy for non-retargeting products as well as "demand generation within its mid-market business." Salmon contends that Criteo valuation is attractive, but he needs better visibility on sales force reorganization and regulatory issues.
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