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Fly News Breaks for September 19, 2016
WIX, GDDY
Sep 19, 2016 | 06:20 EDT
Piper Jaffray analyst Samuel Kemp raised his price target for GoDaddy (GDDY) to $40 from $38 after traveling with management. Concerns over the impact from Wix.com (WIX) and other do-it-yourself competitors are misplaced and unlikely to have a significant impact on GoDaddy's growth outlook, Kemp tells investors in a research note. He views GoDaddy as the the best positioned player in SMB internet services and keeps an Overweight rating on the shares.
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