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Fly News Breaks for November 8, 2018
ALRM
Nov 8, 2018 | 05:09 EDT
Jefferies analyst John DiFucci raised his price target for Alarm.com to $60 saying the company "easily" exceeded most Q3 estimates and guided Q4 revenue above the Street. Alarm.com's core business momentum has remained consistent as do-it-yourself threats linger, and incremental drivers through recent programs "should provide ample potential upside for some time to come," DiFucci tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
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