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Fly News Breaks for November 15, 2019
WIX
Nov 15, 2019 | 08:22 EDT
Guggenheim analyst Ken Wong lowered his price target on Wix shares to $150 from $170 given that he now projects a flatter long-term margin trajectory after the company's revenue fell short of Street targets in Q3 and gross margins saw some compression despite positive subscriber additions. He keeps a Buy rating on the Wix shares.
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