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‘Long Road Ahead’: BofA Downgrades ContextLogic With Revenue Expected To Get Worse Before Better

'Long Road Ahead': BofA Downgrades ContextLogic With Revenue Expected To Get Worse Before Better

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Shares of ContextLogic Inc (NASDAQ:WISH) traded sharply lower after reporting second-quarter earnings. The ContextLogic Analyst: Bank of America analyst Michael McGovern downgraded WISH shares from Neutral to Underperform and lowered the price target from $12 to $6.

...read full article on Benzinga

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