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Fly News Breaks for November 23, 2015
TXTR
Nov 23, 2015 | 06:51 EDT
Credit Suisse analyst Michael Nemeroff downgraded Textura to Neutral and lowered his price target to $24 from $27 on shares following the announcement that co-founder and former CEO Patrick Allin has resigned from his role as Executive Chairman and from the board of directors. Nemeroff said Allin was focused on sales and client strategy and the departure increases near-term execution risk and Textura's ability to build the the company's sales pipeline and convert potential customers.
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