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Fly News Breaks for October 3, 2017
CYBE
Oct 3, 2017 | 08:54 EDT
Lake Street analyst Jaeson Schmidt lowered his price target on CyberOptics to $15 from $27 after the company cut its revenue guidance, saying this year will now represent a "meaningful step back" in growth, largely due to pushouts and lower than expected orders from SQ3000. However, he still sees CyberOptics with an opportunity to drive long-term growth with its MRS products and he keeps a Buy rating on the shares.
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