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Fly News Breaks for November 1, 2019
FARO
Nov 1, 2019 | 09:06 EDT
Gabelli analyst Hendi Susanto last night downgraded Faro Technologies to Hold from Buy with a private market value estimate of $50. Weakness in the company's 3D markets may continue for the "foreseeable future" and management's strategic plans will take time to implement and produce outcome, Susanto tells investors in a research note. The analyst also points out that Faro's Q3 results were weaker than expected.
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