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Fly News Breaks for December 21, 2018
CAMP
Dec 21, 2018 | 07:21 EDT
JPMorgan analyst Paul Coster lowered his price target for CalAmp to $18 after the company issued Q4 guidance below expectations. Weakness is being driven by disruption caused by the company's supply chain diversification initiative as well as lower demand internationally, Coster tells investors in a post-earnings research note. He believes the stock will likely remain under pressure until visibility into the core hardware business improves. As such, the analyst keeps a Neutral rating on CalAmp.
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