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Fly News Breaks for August 10, 2016
MCHX
Aug 10, 2016 | 08:23 EDT
As previously reported, Roth Capital analyst Darren Aftahi downgraded Marchex to Neutral from Buy on lack of growth and limited near-term catalysts. However, with tangible book value sitting at about $3.31 per share, the analyst believes there may be limited downside for the shares. Aftahi lowered his price target on the stock to $3.75 from $4.25.
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