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Fly News Breaks for November 20, 2019
Nov 20, 2019 | 08:16 EDT
Stephens analyst John Campbell thinks some investors took Cannae Holdings' announcement that it appointed Richard Massey as CEO to mean that Brent Bickett might be out, but he believes that Bickett will remain as President, which is the role he has always held as Cannae previously went without an official CEO role. Massey, while officially joining as CEO, has "been in the background for quite some time serving multiple different roles across several of the Foley-driven companies," said Campbell, who urges investors "don't worry" about the news. Campbell believes Massey will be a great addition to the team and reiterates his Overweight rating and $45 price target on Cannae shares.
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