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Fly News Breaks for May 9, 2017
ONDK
May 9, 2017 | 05:45 EDT
Stifel analyst John Davis downgraded On Deck Capital to Hold and lowered its price target to $4.50 from $6 following the disappointing Q1 report and reduced outlook. The analyst expects credit deterioration to remain a "significant" overhang and does not expect meaningful earnings anytime soon.
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