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Fly News Breaks for May 15, 2019
T, DOX
May 15, 2019 | 05:20 EDT
JPMorgan analyst Jackson Ader lowered his price target for Amdocs (DOX) to $67 from $70 saying that while the company's fiscal Q2 results were better than expected, the commentary on AT&T (T) is the main takeaway. AT&T revenue is off to a worse start for the first half than the company had expected as the focus on cost cutting and debt reduction within AT&T continues, Ader tells investors in a research note. The analyst does not see "this AT&T headwind going anywhere" and he keeps a Neutral rating on Amdocs.
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