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Fly News Breaks for July 26, 2019
ECHO
Jul 26, 2019 | 07:40 EDT
Barrington analyst Kevin Steinke lowered his price target for Echo Global Logistics to $25 from $29 to reflect the Q2 shortfall and reduced guidance. The stock rallied, however, perhaps because results were "better than feared" and the share price already reflected challenging industry conditions, Steinke tells investors in a research note. He maintains an Outperform rating on Echo Global due to valuation.
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