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Fly News Breaks for July 13, 2015
ARRS
Jul 13, 2015 | 07:25 EDT
After ARRIS lowered its revenue guidance, RBC Capital notes that the stock has tumbled 17% since the company announced its merger with Pace. The firm says that the company's earnings are in "a soft landing" this year, but should rebound next year, driven by carrier upgrades. RBC keeps a $40 price target and Outperform rating on the name.
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