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Fly News Breaks for August 9, 2018
ECOM
Aug 9, 2018 | 19:40 EDT
Baird analyst Colin Sebastian kept his Neutral rating and $14 price target on ChannelAdvisor after its Q2 results, saying that while execution continues to improve amid the ongoing shift to larger customers and marketplace momentum, contract pricing pressure may keep the stock constrained in the near term. The analyst adds that the guidance for the second half of 2018 likely "embeds conservatism", but sees the implied deceleration in growth potentially keeping investors on the sidelines.
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