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Fly News Breaks for February 19, 2019
FARO
Feb 19, 2019 | 09:29 EDT
Needham analyst James Ricchiuti lowered his price target on FARO Technologies to $55 ahead of its earnings, saying the "potential macro-related slowing in some of its key verticals could push out the company's ability to attain the 60% gross margin target in the coming quarters." The analyst also keeps his Buy rating on the shares, stating that the appointment of a new FARO CEO and the management's subsequent efforts on sales force productivity could determine the company's performance.
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