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Fly News Breaks for April 29, 2019
TYPE
Apr 29, 2019 | 06:10 EDT
B. Riley FBR analyst Zach Cummins downgraded Monotype Imaging to Neutral from Buy and lowered his price target for the shares to $17.50 from $26. The company's miss in Q1 and reaffirmed fiscal 2019 outlook creates a "challenging" setup in the second half of the year, Cummins tells investors in a research note. The analyst sees "heightened execution risk."
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