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Fly News Breaks for March 17, 2017
PFSW
Mar 17, 2017 | 07:21 EDT
Canaccord analyst Michael Graham lowered his price target on PFSweb to $12 from $14 to reflect company guidance, which reduces its revenue outlook caused by the churn of low-margin customers. The company said its EBITDA will remain intact, although there may be a higher churn rate as the company looks more aggressively at whether client relationships are meeting financial targets. Graham maintained his Buy rating on PFSweb shares.
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