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Fly News Breaks for August 20, 2018
YOGA
Aug 20, 2018 | 07:07 EDT
Cowen analyst Oliver Chen downgrade YogaWorks to Market Perform from Outperform as he sees risk to visitation and revenue trends with the company's medium-term priorities of pulling back on promotions and marketing. Although he believes the company is doing the right thing for their long-term health, the stock valuation could be sideways for awhile, said Chen, who removed his previous $7 price target on YogaWorks shares.
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