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Fly News Breaks for July 25, 2016
OUTR
Jul 25, 2016 | 07:29 EDT
Wedbush analyst Michael Pachter downgraded Outerwall to Neutral citing valuation and lack of near-term catalysts and maintained its $45 price target. The analyst expects decent Q2 results of $1.37/$495M, versus consensus of $1.35/$487M but has little confidence in an earnings rebound until Redbox demonstrates revenue stability in Q4.
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