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Fly News Breaks for May 5, 2016
WIX
May 5, 2016 | 07:58 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Wix.com to $32 from $25 following "very strong" Q1 results and improved outlook. The analyst sees the company as "the clear leader" in web presence and services for small and midsize businesses, driven by its focus on software development and new products. Helfstein reiterates an Outperform rating on the shares.