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Fly News Breaks for January 9, 2020
SDC
Jan 9, 2020 | 09:29 EDT
Wolfe Research initiated coverage of SmileDirectClub with an Underperform rating and $7 price target. While the firm believes multiple compression in 2019 has set up the stock up for outperformance on any positive surprise, its rating seeks to highlight the likelihood of deceleration, future capital raises, and the stock's macro and credit sensitivity.
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