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Fly News Breaks for October 11, 2018
GDDY
Oct 11, 2018 | 07:42 EDT
Citi analyst Mark May upgraded GoDaddy to Buy from Neutral with an unchanged price target of $86. The analyst is making an "opportunistic" upgrade following the recent pullback in the shares. He believes GoDaddy has reached valuation levels that warrant a Buy rating. The company is a "nicely" profitable, high free cash flow generative business with highly recurring subscription-based revenue, May tells investors in a research note.