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Fly News Breaks for March 5, 2020
MEET
Mar 5, 2020 | 07:59 EDT
Roth Capital analyst Darren Aftahi downgraded Meet Group to Neutral from Buy with a price target of $6.30, down from $6.50. The analyst notes that the company entered into a definitive agreement to be acquired by NuCom's parent companies for $6.30/share, valuing the company at about $500M. The deal comes as no surprise considering recent speculation, but should provide immediate value to shareholders, he contends.
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