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Fly News Breaks for March 15, 2018
RUBI
Mar 15, 2018 | 07:31 EDT
As reported earlier, SunTrust analyst Matthew Thornton upgraded Rubicon Project to Buy from Hold while keeping the $3 price target. The analyst points to the company's stabilizing fundamentals such as improving advertising spending and take rate as well as new cost actions that should lead to higher profitability. Thornton anticipates the company to remain supported in the growing market given Rubicon's "improved header bidding and auctioning tools".
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