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Fly News Breaks for March 4, 2020
AMBA
Mar 4, 2020 | 08:54 EDT
As previously reported, Craig-Hallum analyst Richard Shannon downgraded Ambarella to Hold from Buy with a price target of $68, down from $70. The analyst cited lack of clarity of whether non-CV Professional Security will decline noticeably this year, risks from China such as the risk of more restrictive sanctions and/or move from China OEMs to domestic sourcing, and elevated valuation.
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