Fly News Breaks for August 11, 2017
Aug 11, 2017 | 09:29 EDT
Needham analyst Kerry Rice lowered his price target on Blue Apron to $6.50 from $10 after the company gave disappointing second half guidance along with its Q2 report. While disappointed, he believes the negative news is reflected in the share price and once the company's Linden facility is fully ramped he expects revenue to reaccelerate and margins to improve. Rice keeps a Buy rating on Blue Apron shares.
News For APRN From the Last 2 Days
Aug 22, 2017 | 15:03 EDT
The stock is now up over 0.5% to $5.27, coming well up off the lows of the day following news of the resignation of its HR chief. At current price next resistance is at $5.65. Support is at 5.11.