Fly News Breaks for May 9, 2019
May 9, 2019 | 08:22 EDT
Maxim analyst Allen Klee lowered his price target on Stamps.com to $59 to reflect the upcoming cuts to reseller contracts and its 2019 guidance cut. The analyst is keeping his Buy rating on the expectations that the company will secure contracts with new carriers to replace USPS, but also sees "significant uncertainty" in the outcomes of reseller negotiations.
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