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8×8 price target lowered to $2.50 from $2.70 at Rosenblatt

Rosenblatt lowered the firm’s price target on 8×8 (EGHT) to $2.50 from $2.70 and keeps a Buy rating on the shares. The firm says the company reported solid total revenue and service revenue in fiscal Q1. It cites near-term margin declines for the target cut.

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