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Fly News Breaks for November 14, 2016
BDC, DGII
Nov 14, 2016 | 07:52 EDT
Canaccord analyst T. Michael Walkley noted Digi International (DGII) rejected Belden's (BDC) $13.82 offer for the company as it undervalues the company's long-term potential. The analyst agrees saying the company is in the early stage of its strategic initiatives to drive improving revenue growth with strong longer-term margin leverage potential. Walkley maintained his Buy rating and $17 price target on Digi International shares.
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