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Fly News Breaks for November 18, 2015
FARO
Nov 18, 2015 | 06:27 EDT
Canaccord analyst Bobby Burleson upgraded FARO Technologies to Buy and increased its price target to $32 from $30 on shares following recent weak performance due to transitory issues. Burleson expects laser scanner growth to resume following the shift in channel strategy and a product portfolio refresh combined with a Q4 year end budget flush and low valuation.
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