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Fly News Breaks for July 14, 2016
FTD
Jul 14, 2016 | 07:45 EDT
Craig-Hallum analyst Alex Fuhrman downgraded FTD Companies to Hold and lowered its price target to $30 from $40. The analyst lowered estimate to account for FTD's UK and European exposure following the Brexit vote and Pound weakness. Fuhrman believes emerging headwinds in Europe will likely make guidance of total revenues flat to down 4% difficult to achieve for FY16.
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