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Fly News Breaks for July 28, 2017
ELLI
Jul 28, 2017 | 08:49 EDT
KeyBanc analyst Brent Bracelin recommends buying Ellie "aggressively" after lower refinancing volumes caused its growth to fall below 20% last quarter. He says that the company "has a dominant market share in mortgage loan origination, a high-margin model, favorable risk/reward," and will have multiple positive catalysts next year. He cut his price target to $116 from $130 but keeps an Overweight rating.
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