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Fly News Breaks for December 6, 2018
EMKR
Dec 6, 2018 | 09:01 EDT
Lake Street analyst Jaeson Schmidt reiterates a Buy rating on Emcore with a $6 price target citing the company's "strong" Q1 guidance. The challenges Emcore faced in fiscal 2019 are now behind the company, and it is set to return to "solid" top line growth in fiscal 2019, Schmidt tells investors in a research note. At current valuation multiples, the analyst thinks "there should be a relatively high floor on shares in the near-term."
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