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Fly News Breaks for August 3, 2016
RUBI
Aug 3, 2016 | 07:43 EDT
SunTrust analyst Mattrhew Thronton downgraded Rubicon after the company provided lower than expected Q3 EPS guidance. Thornton says that the company's header bidding headwind has materialized more quickly and has been more disruptive than he anticipated. He thinks that the company may not grow going forward, and that this possibility will cause the stock's multiple to decline. Target to $13 from $19.
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