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Fly News Breaks for November 13, 2019
SDC
Nov 13, 2019 | 06:26 EDT
Credit Suisse analyst Erin Wilson Wright lowered her price target for SmileDirectClub to $17 from $18 following the company's Q3 results and "light" guidance. In a research note to investors, the analyst says that while shares have dropped 52% since its September IPO on technical dynamics, concerns over quarterly volatility and regulatory risks, she views its latest report as likely not enough to move the shares higher with 2019 EBITDA guidance shy of plan.
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