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Fly News Breaks for February 10, 2017
CTRL
Feb 10, 2017 | 06:47 EDT
As previously reported, Raymond James upgraded Control4 to Outperform from Market Perform and a $17 price target. Analyst Tavis McCourt said Control4 reported solid Q4 results with rebounding organic growth, high earnings quality, and falling inventory levels. He believes the company is set up well heading into 2017 to continue topline momentum and expects the multiple to return at least in line with the S&P given topline growth and modest margin expansion.
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