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Fly News Breaks for February 5, 2016
OUTR
Feb 5, 2016 | 05:40 EDT
Piper Jaffray analyst Michael Olson downgraded Outerwall to Neutral after the company's outlook for 2016 came in well below expectations. Declining revenue suggests the company deserves a discounted multiple, Olson tells investors in a research note. He cut his price target for the shares to $32 from $57.
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