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Fly News Breaks for May 31, 2019
ZUO
May 31, 2019 | 07:36 EDT
Canaccord analyst Richard Davis lowered his price target on Zuora to $18 from $28 as he believes the firm is executing far below its potential. He noted the shares are sharply lower following its Q1 report and given its price drop, he feels it is not a good time to downgrade the stock. The analyst said if the shares rally back to the high-teens in a few months he would consider a downgrade. Davis maintained his Buy rating on Zuora shares.
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