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Fly News Breaks for January 26, 2017
MDP
Jan 26, 2017 | 06:57 EDT
Benchmark analyst Daniel Kurnos downgraded Meredith to Hold from Buy citing the recent run-up in the stock and his belief that a strategic transaction is not imminent. While he still sees a transformative acquisition as the most likely outcome, he sees a challenging outlook for Meredith over the next 2 quarters, said Kurnos, who has a $64 price target on the stock.
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