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Fly News Breaks for August 3, 2016
RUBI
Aug 3, 2016 | 09:46 EDT
Craig-Hallum analyst Jason Kreyer believes it will take a couple quarters to adjust product offerings to get back on track, says mobile will transition to account for half of managed revenue next year. Kreyer notes mobile/orders/video growth initiatives remain intact and will serve as FY17 growth catalysts and views valuation as compelling on today's pullback. Kreyer rates Rubicon a Buy and lowered its price target to $15 from $23.
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