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Fly News Breaks for January 4, 2019
SFLY, QRTEA
Jan 4, 2019 | 07:04 EDT
KeyBanc analyst Edward Yruma downgraded Qurate Retail (QRTEA) to Sector Weight from Overweight, telling investors in a research note that while the company has made progress against a turnaround at QVC, it still has "significant" work to do to improve the HSN business. Yruma also says he is "concerned" about the long-term dynamics of cord-cutting as well as shifting consumer shopping preferences, despite Qurate posting more favorable viewership trends. While downgrading Qurate, Yruma upgraded Shutterfly (SFLY) to Overweight.
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