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Fly News Breaks for February 21, 2017
EIGI
Feb 21, 2017 | 08:45 EDT
As previously reported, Morgan Stanley downgraded Endurance to Underweight from Equal Weight and maintained its $8.50 price target. Analyst Brian Essex believes investors have priced in better Q4 results but are underestimating FY17 headwinds of a deteriorating subscriber base, increased spending in technology and marketing, lack of visibility into sustainable growth, high leverage, and the still outstanding SEC investigation.
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