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Fly News Breaks for July 31, 2018
XOXO
Jul 31, 2018 | 13:01 EDT
Roth Capital analyst Darren Aftahi says that while XO Group's Q2 sales results were in-line, adjusted EBITDA missed consensus estimates. The analyst believes adjusted EBITDA margins and year-over-year growth should trend down over the next two quarters as the company starts to face tougher comps and is expected to pick up marketing and product investment. He lowered his price target for XO shares to $26 from $28 and reiterates a Neutral rating on the name.
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