Information Provided By:
Fly News Breaks for May 29, 2019
CAMP
May 29, 2019 | 06:16 EDT
Goldman Sachs analyst Jerry Revich downgraded CalAmp to Sell from Neutral and lowered his price target for the shares to $11 from $13. The analyst reduced his estimates for the company to reflect a cyclical slowdown in the truck and construction end-markets. Revich is positive on CalAmp's growing subscription business, but he believes that as the hardware business faces a cyclical slowdown, consensus EBITDA estimates have 12% downside. The analyst sees a "challenging" organic growth outlook for the company amid "rising signs of an end market slowdown off-peak."
News For CAMP From the Last 2 Days
There are no results for your query CAMP