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Fly News Breaks for August 11, 2017
Aug 11, 2017 | 07:02 EDT
Oppenheimer analyst Jason Helfstein downgraded Blue Apron to Perform saying the story is shifting from growth to capital preservation. He believes the company is now focused on operating without raising new capital, resulting in materially lower marketing spending in 2018 and beyond. Citi this morning and SunTrust last night also downgraded Blue Apron while Goldman Sachs cut its rating yesterday afternoon.
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