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Fly News Breaks for November 8, 2019
COMM
Nov 8, 2019 | 09:27 EDT
Nomura Instinet analyst Jeffrey Kvaal lowered his price target for CommScope to $16 from $20 and keeps a Buy rating on the shares. The analyst believes the Q3 earnings beat and Q4 guidance miss net out to a second half "only modestly below plan." This lifts visibility into 2020, particularly for leverage, Kvaal tells investors in a post-earnings research note. He keeps a Buy rating on CommScope.
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