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Fly News Breaks for July 25, 2019
WIX
Jul 25, 2019 | 08:10 EDT
Wedbush analyst Ygal Arounian raised his price target for Wix.com to $180 from $152 and reiterated an Outperform rating on the shares saying that while he continues to see the quarter as "strong but not stellar," management tone on the conference call was positive and ultimately giving investors enough confidence that the company will come out of this transition year in a strong position with growth steadily improving through the second half of the year and into 2020. Arounian says Wix.com remains on his firm's Best Ideas List.
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