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Fly News Breaks for February 14, 2018
ECOM
Feb 14, 2018 | 08:58 EDT
Needham analyst Scott Berg lowered his price target on ChannelAdvisor to $12 despite the accelerating business metrics that drove the first bookings growth since 2014. Berg points to a "conservative approach" by the company on its FY18 outlook due to pricing issues with another first party that limited Q4 revenue upside. The analyst keeps his Buy rating on ChannelAdvisor, forecasting a likely return to double digit revenue growth exiting FY18 because of improved sales productivity.
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