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Fly News Breaks for May 9, 2019
STMP
May 9, 2019 | 04:53 EDT
B. Riley FBR analyst Zach Cummins downgraded Stamps.com to Neutral from Buy and cut his price target for the shares to $45 from $130. The analyst risk to estimates after the United States Postal Service reseller program drove a reduction to the company's fiscal 2019 outlook. Stamps.com in premarket trading is down 47%, or $38.97, to $44.42.
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