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Fly News Breaks for November 17, 2016
ELLI
Nov 17, 2016 | 07:08 EDT
As noted earlier, RBC Capital downgraded Ellie Mae to Sector Perform from Outperform. Analyst Ross MacMillan estimates that an increase in interest rates will lower refinance volumes by 60% next year, causing the company's 2017 results to miss expectations. Target to $90 from $114.
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