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Fly News Breaks for October 5, 2018
EMKR
Oct 5, 2018 | 08:07 EDT
Lake Street analyst Jaeson Schmidt said he believes Emcore's positive Q4 pre-announcement should help lessen concerns around recent execution issues and "implies CATV headwinds are now over." While he noted "this is just one quarter" and Emcore will likely still need to prove the challenges faced over the past year are past, he thinks the news should help investors gain confidence, Schmidt added. The analyst reiterates his Buy rating and $6 price target on Emcore shares.
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