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Bumble price target raised to $7 from $6 at TD Cowen

TD Cowen raised the firm’s price target on Bumble (BMBL) to $7 from $6 and keeps a Hold rating on the shares. The firm updated its model to reflect the company’s restructuring announcement; management expects up to $40MM annual savings, although the ‘substantial majority’ is expected to be reinvested in the business.

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