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Fly News Breaks for October 20, 2016
UA, MB
Oct 20, 2016 | 08:32 EDT
Roth Capital analyst Darren Aftahi is looking for in-line topline results but further progress toward positive EBITDA when MINDBODY (MB) reports its Q3 results. With the recent pullback in shares, the analyst likes the risk/reward and sees several catalysts and growth drivers for the company going forward on top of its new relationship with Under Armour (UA). He reiterates a Buy rating and $22.50 price target on MINDBODY's shares.