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Fly News Breaks for November 8, 2019
STMP
Nov 8, 2019 | 09:07 EDT
Craig-Hallum analyst George Sutton raised his price target for Stamps.com (STMP) to $115 from $100 and keeps a Buy rating following Q3 results that came in well ahead of expectations. Sutton tells investors in a research note that the deal with the UPS (UPS) along with 15 other partnerships signed in the quarter bode well for the company as they continue to pivot towards working with other carriers and addressing the domestic and global volume of $100B and $260B, respectively.
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