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Fly News Breaks for February 24, 2020
COMM
Feb 24, 2020 | 08:08 EDT
Deutsche Bank analyst Brian Yun on Friday downgraded CommScope to Hold from Buy with a price target of $16, down from $22. The analyst says near-term headwinds from the coronavirus and ongoing China trade tensions negatively impact his top-line and profitability estimates for CommScope. Further, the analyst does not have visibility on any meaningful near-term catalysts that could offset these headwinds.
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