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Fly News Breaks for October 31, 2019
CRTO
Oct 31, 2019 | 08:12 EDT
JPMorgan analyst Doug Anmuth downgraded Criteo to Underweight from Neutral with a price target of $16, down from $24. The analyst is seeing little growth "in a highly challenged space," and its new solutions will take time to move the needle, Anmuth tells investors in a research note. A "cheap" valuation isn't enough to buy the stock, says the analyst.
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