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Fly News Breaks for May 6, 2015
ZU
May 6, 2015 | 09:13 EDT
As noted earlier, Stifel downgraded zulily to Hold from Buy. After the company reported lower than expected Q1 revenue and provided weaker than expected guidance, Stifel thinks the company is having more difficulty than it expected with transitioning to a more sustained long-term e-commerce business model.
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