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Fly News Breaks for March 3, 2017
RUBI
Mar 3, 2017 | 07:54 EDT
Citi analyst Mark Kelley moved his price target for Rubicon Project shares to $10, assigning it a gross profit multiple that was derived from the average price paid in the acquisitions of TubeMogul and Turn. He believes M&A speculation will likely keep the stock near current levels. Rubicon closed yesterday down 1.8% at $8.75, but has rallied about 18% over the last three months.
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