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Fly News Breaks for August 28, 2018
CTRL
Aug 28, 2018 | 05:00 EDT
Imperial Capital analyst Saliq Khan downgraded Control4 to In-Line with an unchanged price target of $32. The stock closed yesterday down 35c to $36.51. The analyst cites valuation for the downgrade with the shares up nearly 40% in recent weeks. However, Khan continues to remain confident in management's ability to improve margin and revenue growth and pursue strategic acquisitions. The analyst just believes the company's growth is reflected in the shares following the recent rally.
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