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Fly News Breaks for October 17, 2018
SHOP
Oct 17, 2018 | 11:57 EDT
Baird analyst Colin Sebastian noted that Shopify was under a lot of pressure after a New York Times report that the Trump administration plans to withdraw from the Universal Post Office Treaty, which had previously allowed Chinese merchants to ship packages to the US at steeply discounted rates. Sebastian called the fears " way overblown," noting that Shopify's total exposure in China is low, and maintained an Outperform rating with a $165 price target on Shopify shares.
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