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Fly News Breaks for March 19, 2018
ALRM
Mar 19, 2018 | 07:43 EDT
Raymond James analyst Adam Tindle reinitiated Alarm.com with an Outperform and $48 price target. The analyst said the recent weakness due to customer ADT's pullback is an overreaction given it is a legacy security that is declining, and ADT is focused more on improving cash flow. Tindle sees significant upside as ADT likely offload's more to Alarm.com in an effort to reduce capital intensity.
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