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Fly News Breaks for August 8, 2018
AXP, GSKY
Aug 8, 2018 | 08:45 EDT
SunTrust analyst Andrew Jeffrey lowered his price target on GreenSky (GSKY) to $30 after its Q2 earnings, saying that while the company offers strong volume growth and good profitability trends, competitive concerns and unit economics uncertainty weighed on the stock after the results. Jeffrey keeps his Buy rating on GreenSky and recommends that investors use yesterday's weakness as a buying opportunity, with a positive view on the company's gross margin expansion and its strategic alliance with American Express (AXP).
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