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Fly News Breaks for November 29, 2018
ELLI
Nov 29, 2018 | 07:53 EDT
Oppenheimer analyst Brian Schwartz lowered his price target for Ellie Mae to $80 form $92 on group multiples compression and to reflect a continuing challenging mortgage originations market. The analyst continues to expect the shares to remain range-bound near-term given the macro headwinds facing the end-market. He reiterates an Outperform rating on the stock.
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