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Blue Apron Seeing Further Downside After Downgrade By Citi

After ending the previous session notably lower, shares of Blue Apron (APRN) have seen some further downside during trading on Friday. Blue Apron is currently down by 1.2 percent after hitting a record intraday low.

The continued decline by Blue Apron comes after Citi downgraded its rating on the meal-kit delivery company to Neutral Buy and lowered its price target to $5.50 from $10.

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