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Fly News Breaks for August 15, 2019
QNST
Aug 15, 2019 | 14:48 EDT
Barrington analyst James Goss lowered his price target for QuinStreet to $16 from $20 while keeping an Outperform rating on the shares. The company's revenue in fiscal 2019 ended June 30 improved by 13%, a "good showing" but below the 15%-20% range originally targeted, Goss tells investors in a research note. Challenges persist in the mortgage refinancing and education areas, says the analyst. However, he believes financial services remains QuinStreet's primary growth category despite recent challenges.
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