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Fly News Breaks for January 5, 2020
ECOM
Jan 5, 2020 | 19:40 EDT
First Analysis analyst David Gearhart reiterates an Outperform rating and $11 price target on ChannelAdvisor shares to reflect a view that the company has assembled an "impressive" network of marketplaces and tangential capabilities that positions it to benefit as the trend toward marketplace selling plays out. The analyst believes this should allow it to return to and sustain a better top-line trajectory while driving steady margin expansion to the benefit of shareholders.