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Cowen, JP Morgan Downgrade ContextLogic On Q2 Earnings Disappointment, Slash Price Targets

Cowen, JP Morgan Downgrade ContextLogic On Q2 Earnings Disappointment, Slash Price Targets

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Cowen analyst John Blackledge downgraded ContextLogic Inc (NASDAQ:WISH) to Market Perform from Outperform with a price target of $10, down from $18, implying a 6.3% upside. The rating came after the company reported Q2 revenue, margins, and EBITDA that missed expectations.

...read full article on Benzinga

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