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Fly News Breaks for January 27, 2020
Jan 27, 2020 | 06:29 EDT
JPMorgan analyst Paul Coster downgraded Nice to Neutral from Overweight with an unchanged price target of $163. At a 27 times forward price-to-earnings ratio, the stock's valuation "looks stretched," Coster tells investors in a research note. Nice shares are up 15% year-to-date and 68% year-over-year, the analyst points out.
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