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Fly News Breaks for June 15, 2015
Jun 15, 2015 | 07:50 EDT
BMO Capital cut its price target on LeapFrog after the company's guidance indicated that it expected its financial performance to deteriorate in fiscal 2016 versus fiscal 2015. The firm says that this development caught the market by surprise. However, the firm thinks the company's brand still has value ,and it maintains that LeapFrog could sell itself for at least $4 per share. It keeps an Outperform rating on the shares.
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