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Fly News Breaks for May 11, 2018
PFSW
May 11, 2018 | 08:53 EDT
As previously reported, Craig-Hallum analyst George Sutton upgraded PFSweb to Buy from Hold and raised his price target on shares to $13 from $9, following the company's "solid" Q1 results that provided additional insight into the business and prioritized margin expansion over revenue growth. Sutton added that the removal of unprofitable engagements has been largely flushed out of PFSweb's model, and he sees a return to revenue growth with better leverage playing out later this year.
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