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Fly News Breaks for January 25, 2018
CAMP
Jan 25, 2018 | 06:41 EDT
JPMorgan analyst Paul Coster upgraded CalAmp to Neutral and raised his price target for the shares to $25 from $22. The company's transition to embedded solutions yields opportunity for it to pick up "some niche market opportunities along the way," Coster tells investors in a research note. The analyst also expects cyclical strength in demand from Caterpillar and believes CalAmp's operating leverage could surprise to the upside.
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