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Fly News Breaks for June 9, 2016
WIX
Jun 9, 2016 | 07:56 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Wix.com to $37 from $32 following an "encouraging" analyst day, featuring product demos, marketing strategy and bullish long-term margin target. Wix.com's stock has rallied more than 37% quarter to date, trading near its 52-week high, the analyst tells investors in a research note, adding that he sees any pullback in the shares as an attractive buying opportunity. Oppenheimer has an Outperform rating on the shares.
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