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Fly News Breaks for April 11, 2016
FLTX
Apr 11, 2016 | 06:50 EDT
Macquarie analyst Rajesh Ghai downgraded Fleetmatics to Neutral saying 2016 may prove to be a challenging year given a confluence of factors. The analyst expects activity for Fleetmatics US Oil Services subs to remain subdued through 2019 and intensifying price competition in the US SMB sector presents a strong headwind in 2016. Ghai has a $41 price target on Fleetmatics shares.
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