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Fly News Breaks for February 15, 2017
HOLI
Feb 15, 2017 | 05:36 EDT
Citi analyst Alex Chang downgraded Hollysys Automation Technologies to Neutral citing the company's "disappointing" Q2 results and lowered outlook. The shortfall in Rail Transportation new orders indicates near-term earnings risk while there could be another round of down-cycle suspension/call-off of power projects in Industrial Automation, the analyst contends. He cut his price target for the shares to $18.70 from $24.40.
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