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Fly News Breaks for August 6, 2018
COMM
Aug 6, 2018 | 09:00 EDT
Jefferies analyst George Notter downgraded CommScope Holding to Hold from Buy and lowered his price target for the shares to $30.50 from $35. After "further reflection" from the earnings call and conversations with industry contacts, the analyst believes CommScope's Mobility division performance will not improve this year or next. Further, it is hard to see the business generating the kind of earnings power "required to make the stock interesting," Notter tells investors in a research note.
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