DZ Bank cut shares of Shopify ( NYSE:SHOP – Get Rating ) (TSE:SHOP) from a hold rating to a sell rating in a research report report published on Tuesday, MarketBeat reports. DZ Bank currently has $55.00 price target on the software maker's stock, up from their prior price target of $47.00. SHOP has been the topic of several other reports. Mizuho lifted their price objective on Shopify from $40.00 to $55.00 in a research report on Friday, May 5th. National Bankshares lifted their price objective on Shopify from $60.

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