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Fly News Breaks for November 13, 2019
SDC
Nov 13, 2019 | 07:56 EDT
Jefferies analyst Brandon Couillard says SmileDirectClub posted a "solid beat" in its first quarter as a public company. However, the stock may open lower on the Q4 guidance "that came in light, but looks quite conservative," Couillard tells investors in a post-earnings research note. After a "spate of headline noise," investor focus should pivot back to SmileDirectClub's "strong" underlying fundamentals, reaccelerating Q4 growth, and "attractive" valuation, contends the analyst. He keeps a Buy rating on the shares with a $22 price target.
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