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Fly News Breaks for March 14, 2016
T, ARRS
Mar 14, 2016 | 05:42 EDT
Goldman Sachs analyst Doug Clark downgraded ARRIS (ARRS) to Neutral saying the risk/reward is balanced following the completion of the Pace acquisition and AT&T's (T) announcement of over-the-top bundle DIRECTV Now. Clark also thinks continued industry consolidation could "create lumpiness" in the company's results. He lowered his price target for ARRIS shares to $26 from $34.
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