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Fly News Breaks for June 18, 2015
RATE
Jun 18, 2015 | 08:19 EDT
As noted earlier, SunTrust downgraded Bankrate to Neutral from Buy. The firm says that the company's core business is structurally challenged, as three factors are pressuring its revenue growth. These three factors are increased competition, a growing reliance on low-margin affiliate traffic,and auto insurers’ unwillingness to embrace its online marketing offering, Target to $12 from $18.
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