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Fly News Breaks for August 1, 2019
PS
Aug 1, 2019 | 09:31 EDT
SunTrust analyst Terry Tillman lowered his price target on Pluralsight to $27, saying that in spite of its earnings beat, B2B billings were "weaker" because of the "shocking" sales execution issues. The analyst notes that the magnitude of the weakness was surprising, but he still keeps his Buy rating on the stock as the management implements new go-to-market strategies to bring the billings back on track. Tillman adds that the stock price decline after the results discounts the risks.
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