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Fly News Breaks for August 7, 2019
QUOT
Aug 7, 2019 | 06:53 EDT
As previously reported, BofA Merrill Lynch analyst Nat Schindler downgraded Quotient Technology to Underperform from Neutral, noting that its Q2 revenue topped estimates but its three large Consumer Packaged Goods clients continued to decrease spending. Meanwhile, EBITDA came in well below his projection and a key metric - Transactions - was not disclosed, which is a concern, Schindler tells investors. He cut his price target on Quotient Technology shares to $10 from $17.
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