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Fly News Breaks for October 12, 2017
XOXO
Oct 12, 2017 | 08:27 EDT
As previously reported, Roth Capital analyst Darren Aftahi downgraded Xo Group to Neutral from Buy, with a $20.50 price target, as he believes go forward expectations for modest growth are priced into shares at current levels. The analyst looks for an in-line Q3 when the company reports, driven by double-digit sales growth and improved margins. His checks indicate eCPM headwinds in Q3 for display ads.
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