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Fly News Breaks for August 21, 2019
ONDK
Aug 21, 2019 | 06:22 EDT
Morgan Stanley analyst James Faucette upgraded On Deck Capital to Equal Weight with a price target lowered to $3.50 from $4.. The analyst notes that after a 57% decline in stock since the end of January, valuation is "more evenly" balancing its faster earnings growth with its relatively higher risk of incremental downward revisions. The analyst also notes that the stock has become a "show me" execution story from current levels.
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