Business Insider -
11 Jul 2017 16:40

Markets Insider Blue Apron just received its first Wall Street analyst rating, and it's not pretty. Chuck Cerankosky of Northcoast Research gave the company a price target of $2, according to Bloomberg. That's a measly 11.8% of the $15-17 per shareBlue Apron was hoping for in its IPO.It's also far below the actual $10 opening price. Cerankosky rates the value of the company at just above the value of the company's pro forma assets, according to Bloomberg. He wrote that sales growth at Blue Apron...
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