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Fly News Breaks for March 8, 2018
RST
Mar 8, 2018 | 12:19 EDT
Barrington analyst Alexander Paris, Jr. reiterated an Outperform rating on Rosetta Stone and raised his price target to $17 from $15 on the shares, after the company reported Q4 earnings results, with EPS coming in better than both the firm's and the consensus expectations. However, the analyst noted that Q4 revenue and FY18 guidance came in below expectations. Paris concluded that he would be a buyer of Rosetta Stone, especially into weakness, given "the intrinsic value of its parts, continued strong growth at Lexia, cost savings initiatives and its strong balance sheet."
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