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Fly News Breaks for November 13, 2019
SDC
Nov 13, 2019 | 09:17 EDT
JPMorgan analyst Robbie Marcus believes SmileDirectClub posted "good" Q3 results and that management took a "very conservative" approach to setting 2019 guidance. As such, he remains bullish on the company's ability to post another beat in Q4 and provide initial 2020 guidance "that sets up another year of beat-and-raise quarters." He keeps an Overweight rating on SmileDirectClub shares with a $31 price target.
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