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Fly News Breaks for October 31, 2017
NLS
Oct 31, 2017 | 08:44 EDT
Lake Street analyst Chris Krueger downgraded Nautilus to Hold and cut his price target for the shares to $15 from $25. The analyst believes visibility will remain weak heading into fiscal 2018 following last night's Q3 results and guidance reduction. It appears conversion rates of the company's new HVT product are not where they need to be, the analyst contends. SunTrust this morning also downgraded Nautilus.
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