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Fly News Breaks for January 14, 2019
INST
Jan 14, 2019 | 07:28 EDT
As previously reported, Raymond James downgraded Instructure to Outperform from Strong Buy with a $45 price target. Analyst Brian Peterson said a slowdown in 2H 2018 higher-ed activity is not properly reflected in 2019 estimates. Peterson said his work shows a notable slowdown in 2018 large deal activity, with full year levels down double digits and is cautious into next month's earnings call and initial 2019 guidance.
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