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Fly News Breaks for May 1, 2015
CTCT
May 1, 2015 | 09:28 EDT
Canaccord lowered its price target on Constant Contact to $40 from $46 following its Q1 results, as a higher attrition rate slowed revenue growth. Canaccord is maintaining its "disappointed" Buy rating on Constant Contact shares, noting adding that they were wrong as to be optimistic heading into results, while adding that the risk/reward does not support a Hold rating.
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