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Fly News Breaks for November 11, 2015
AVID
Nov 11, 2015 | 13:32 EDT
BWS Financial analyst Hamed Khorsand said Avid Technology management set the bar too high earlier in the year and called the company's new outlook communicated with its third quarter results and investor day a "hard reset." The analyst lowered his price target for Avid shares to $11 from $20 and cautioned about the potential for some near-term volatility, but keeps a Buy rating on shares, saying that the growth in Media Central users points to long-term growth potential.
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