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Fly News Breaks for May 6, 2016
MEET
May 6, 2016 | 08:49 EDT
After MeetMe reported better than expected Q1 results but the company only raised its full year revenue guidance by $1M, JMP Securities believes that the small guidance raise is pressuring the stock. The firm says that the guidance is probably conservative, and it thinks the company has a number of positive catalysts going forward. It reiterates a $5 price target and Outperform rating on the shares.
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