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Fly News Breaks for August 9, 2019
ALRM
Aug 9, 2019 | 05:29 EDT
Jefferies analyst John DiFucci lowered his price target for Alarm.com to $58 from $66 saying the company's updated guidance implies a significant decline in new subscription annual contract value for the year. Although there is likely some conservatism baked in, Alarm.com's growth initiatives could take some time to show up in the numbers, DiFucci tells investors in a research note. He keeps a Hold rating on the shares.
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