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Fly News Breaks for January 11, 2017
SALE
Jan 11, 2017 | 07:22 EDT
As previously reported, Credit Suisse downgraded RetailMeNot to Underperform from Neutral and lowered its price target to $9 from $11. Analyst Paul Bieber assumed coverage on shares and views fundamentals as challenged given expectations for muted core revenue segment performance in 2017, continued vulnerability to Google (GOOGL) algorithm changes and/or new ad formats, and the potential for Facebook (FB) to get more aggressive with its digital offers ad unit.
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