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Fly News Breaks for February 20, 2020
Feb 20, 2020 | 08:01 EDT
SunTrust analyst Youssef Squali lowered his price target on Blue Apron to $5 and kept his Hold rating after its Q4 earnings miss. The analyst points to continued weakness in the company's customer count as the management continues its efforts toward expanding its product choices and improving its marketing efficiency. Squali also cites "poor visibility" for Blue Apron's Q1 as well as its likely capital infusion needs to fully fund its growth plans.
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