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Fly News Breaks for March 4, 2019
ALRM
Mar 4, 2019 | 04:55 EDT
Imperial Capital analyst Jeff Kessler downgraded Alarm.com to In-Line from Outperform while raising his price target for the shares to $61 from $58. The stock has appreciated 74% to $65 on February 27 from its interim low of $37.29 on June 2, 2018, but has since settled back up to the recent price of $59.31, Kessler tells investors in a research note. The analyst recommends waiting for a lower entry point into the name. He also expects comparisons to be tough in 2019.
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