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Fly News Breaks for December 20, 2019
CAMP
Dec 20, 2019 | 06:04 EDT
First Analysis analyst Howard Smith downgraded CalAmp to Neutral from Outperform with a price target of $12, down from $17. Post the company's "mixed" Q3 results, the analyst feels the company's margin profile is not following suit with management commentary, "suggesting expansion is being delayed at least a few quarters." Investors have time to gauge the credibility of the narrative in upcoming periods without missing meaningful share upside, Smith tells investors in a research note.
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