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Fly News Breaks for August 9, 2019
INWK
Aug 9, 2019 | 10:45 EDT
As previously reported, Barrington analyst Kevin Steinke upgraded InnerWorkings to Outperform from Market Perform after the company's Q2 results beat his expectations, citing his increased confidence in the company's ability to sustain the improvements that made the results possible. The company, which maintained its gross revenue guidance and raised its adjusted EBITDA guidance, also announced a record amount of new business added at this point in the year, noted Steinke. He set a $5 price target on InnerWorkings shares.
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