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Fly News Breaks for September 6, 2019
DOMO
Sep 6, 2019 | 07:50 EDT
Cowen analyst J. Derrick Wood lowered his price target on Domo to $28 from $52 following disappointing Q2 results which saw lower billings growth and large deals taking longer to close. The analyst said the company is now a "show-me" story but valuations and sales are nearing trough levels. Wood maintained his Outperform rating on Domo shares.
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