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Fly News Breaks for August 23, 2017
CYBE
Aug 23, 2017 | 09:25 EDT
Craig-Hallum analyst Greg Palm lowered his price target for Cyberoptics to $25 from $30 following the recent post-earnings selloff. While the analyst says the selloff is understandable given the company's two negative earnings revisions this year, the inherent value of its product portfolio and technology is becoming too hard to ignore. He reiterates a Buy rating on the shares.
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