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Fly News Breaks for March 16, 2016
EFOI
Mar 16, 2016 | 06:15 EDT
Canaccord analyst Jed Dorsheimer downgraded Energy Focus to Hold from Buy and lowered its price target to $8 from $21. The analyst said the Q1 guidance "blip" due to a Government/Navy budgeting and fall off may not be an isolated incident and that the move to a commoditized business model from a unique high margin business adds risks to the story.
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