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Fly News Breaks for June 20, 2019
SHOP
Jun 20, 2019 | 11:39 EDT
Canaccord Genuity analyst David Hynes earlier today raised his price target for Shopify to $360 from $270 following yesterday's Unite conference. Shopify "continues to keep on the leading edge of innovation," Hynes told investors in a research note after the company introduced the Shopify Fulfillment Network. The analyst recommends owning at least a partial position in Shopify today and looking to fill it out with market pullbacks. The stock in late morning trading is up $3.63 to $330.65.
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