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Redbubble Limited

( ASX:RBL ) - Retailing

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RBL – Morgans rates as Add

Preliminary FY18 financials showed strong growth in revenue and gross profit, in line with expectations. While forecasts are being downgraded, Morgans lifts the target to $1.91 from $1.66 as a new starting year is rolled forward. The target is now set by DCF valuation alone.

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