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Fly News Breaks for December 11, 2018
CAMP
Dec 11, 2018 | 08:25 EDT
Northland analyst Michael Latimore downgraded CalAmp to Market Perform from Outperform after lowering his estimates to account for the company's Q3 pre-announcement of a miss. The contract manufacturing change delays, component shortages and other macro factors cited by CalAmp could take a while to be fixed, Latimore tells investors. He cut his price target on CalAmp shares to $17 from $26.
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