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Fly News Breaks for November 1, 2018
SPOT
Nov 1, 2018 | 13:22 EDT
As previously reported, Evercore ISI analyst Anthony Declemente downgraded Spotify to In Line from Outperform, stating that the company's Q4 subscriber outlook "modestly disappointed many of us who were hoping for a clean beat and raise." Potentially adding to concerns about subscriber growth is the company's cautious comments around next year's operating margins, added the analyst, who lowered his 2019 subscriber and operating income estimates following Spotify's report and cut his price target on the shares to $155 from $210.
News For SPOT From the Last 2 Days
SPOT
Apr 19, 2024 | 09:47 EDT
Spotify is down -4.4%, or -$12.62 to $276.58.
SPOT
SPOT
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