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Fly News Breaks for July 25, 2016
OUTR
Jul 25, 2016 | 08:54 EDT
As previously reported, Roth Capital analyst Darren Aftahi downgraded Outerwall to Sell from Neutral ahead of quarterly results and heading into a seasonally tough quarter. While expecting mostly in-line results, the analyst believes Q2 will most likely show the company's Redbox high frequency renter revenue fell over 20% for a fourth quarter in a row. The analyst keeps a $38 price target on the shares.
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