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Fly News Breaks for August 7, 2019
QUOT
Aug 7, 2019 | 06:23 EDT
First Analysis analyst David Gearhart downgraded Quotient Technology to Outperform from Strong Buy and lowered his price target for the shares to $11 from $14. The analyst says the downgrade reflects the company's "mixed" Q2 results and "materially weaker" revenue outlook for the second half of 2019. However, he remains positive on Quotient;s "positioning and evolution" that should enable it to return to mid-teens revenue growth in 2020.
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