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Fly News Breaks for April 20, 2016
CAMP
Apr 20, 2016 | 07:42 EDT
Canaccord noted CalAmp reported inline Q4 results but also announced they would be ending their relationship with satellite customer EchoStar. The firm said despite the customer loss, its core thesis remains intact, as it sees CalAmp's recent LoJack acquisition as accretive and a source of a strong brand and channel to drive longer term growth. Canaccord maintained its Buy rating and lowered its price target to $25 from $29 on CalAmp shares.
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