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Fly News Breaks for March 4, 2019
CAMP
Mar 4, 2019 | 07:49 EDT
Canaccord analyst T. Michael Walkley believes CalAmp is well positioned to drive revenue growth for the next several years with its recurring business model. Walkley reiterated his Buy rating and raised his price target to $24 from $23 on CalAmp shares, citing improving international sales, a growing product portfolio, an increasing list of new customer wins, and accelerating growth of higher margin recurring revenue sales.
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