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Fly News Breaks for March 17, 2017
EXA
Mar 17, 2017 | 06:46 EDT
Canaccord Genuity analyst David Hynes downgraded Exa Corp. to Hold saying management has had a "rapid reversal in tone" from an upbeat analyst day only 90 days ago. The analyst expects the company's 2018 growth to fall in the mid-single digits and feels any plans for continued margin expansion is pushed out by at least a year. He cut his price target for the shares to $15 from $18.
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