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Fly News Breaks for May 17, 2019
WIX
May 17, 2019 | 09:08 EDT
Northland analyst Tim Klasell raised his price target on Wix.com shares to $160 from $120 following the company's Q1 results and "strong" revenue guidance, noting that the company is trading margins for growth with its plans to spend on customer support agents that it finds are increasing conversion rates. Klasell keeps an Outperform rating on Wix shares.
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