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Fly News Breaks for July 12, 2019
INST
Jul 12, 2019 | 08:59 EDT
As previously reported, Raymond James analyst Brian Peterson downgraded Instructure to Market Perform from Outperform on expectations of slower growth in 2020. He noted to investors that his rating change "in no way reflects any incremental concerns about the company's strategic direction," but is entirely about his more cautious view on 2020 growth projections. The consensus forecast assumes an organic growth acceleration that looks "overly optimistic" to Peterson, who thinks slowing activity levels in 2019 should pressure 2020 growth.
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