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Fly News Breaks for October 24, 2016
JCOM, EVDY
Oct 24, 2016 | 07:50 EDT
Leerink analyst David Larsen downgraded Everyday Health (EVDY) to Market Perform from Outperform after the company announced that it has entered into a definitive agreement to merge with Ziff Davis, the digital media division of j2 Global (JCOM) in an all cash deal. The analyst also lowered his price target on the stock to $10.50 from $13, as he expects the shares to trade at or around the deal price.
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