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Fly News Breaks for September 7, 2016
MEET
Sep 7, 2016 | 08:42 EDT
Roth Capital analyst Darren Aftahi says MeetMe's $15M announced repurchase plan shows management's confidence in its business prospects. Given a reiteration of guidance, announced buyback, and the analyst's channel checks with its primary ad exchange partners suggesting relationships with the company are in good standing, Aftahi continues to recommend accumulation of MeetMe's stock. He reiterates a Buy rating and $8.50 price target on the shares.
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