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Fly News Breaks for April 1, 2019
SCOR
Apr 1, 2019 | 06:53 EDT
SunTrust analyst Matthew Thornton downgraded comScore to Hold from Buy and cut his price target for the shares to $21 from $27. The stock closed Friday at $20.25. The story has changed with the resignations of the CEO and President, Thornton tells investors in a research note. The analyst is concerned that the "abrupt turnover" could be a set-back for comScore's product momentum and introduce uncertainty around the important cross-platform product rollout later this year. Further, he views the company's preliminary Q1 results as disappointing.
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