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Fly News Breaks for November 15, 2019
DGII
Nov 15, 2019 | 09:17 EDT
Lake Street analyst Jaeson Schmidt raised his price target for Digi International to $20 from $16 citing the company's "strong" results and "solid" fiscal 2020 guidance. While its fiscal Q1 guidance fell short of estimates, the company's FY20 guidance "assumes strong top and bottom line growth," Schmidt tells investors in a post-earnings research note. He reiterates a Buy rating on the shares.
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