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Fly News Breaks for June 9, 2016
WIX
Jun 9, 2016 | 06:05 EDT
JPMorgan analyst Sterling Auty introduced a December 2017 price target for Wix.com of $40, above his previous target of $32. The analyst believes Wix.com's introduction of an artificial intelligence driven website builder has the potential to change the way the core user builds new sites. Auty keeps an Overweight rating on the shares following the company's analyst day.