Chegg (CHGG) PT Raised to $18 at BMO Capital on 2Q Report; 'Strong Growth Driving Gross Margin Expansion'
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Price: $1.05 --0%
Rating Summary:
2 Buy, 12 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
2 Buy, 12 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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BMO Capital raised its price target on Chegg (NYSE: CHGG) to $18.00 (from $16.00) while maintaining a Outperform rating, following the company's second quarter earnings report.
Analyst Jeffery Silber notes the company delivered second quarter earnings per share and revenues above consensus projections driven by gross margin expansion, supporting management's boost of 2017 guidance, with continued progress in the business segment.
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