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Fly News Breaks for January 11, 2017
COYN
Jan 11, 2017 | 07:57 EDT
Maxim analyst Brian Kinstlinger lowered his price target on Copsync to $1.75 from $5 citing the company's bridge financing and his belief that newly-raised cash will last for two to three months and that the company will need to raise additional capital. He maintains his Buy rating on the stock, noting that Copsync's contract awards were up 27% in 2016 and he expects bookings growth will accelerate.
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