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Fly News Breaks for February 27, 2019
IMMR
Feb 27, 2019 | 06:09 EDT
B. Riley FBR analyst Josh Nichols downgraded Immersion to Neutral and cut his price target for the shares to $9.50 from $18 following the company's Q4 results. The analyst says sustainable revenue growth and profitability "remain elusive" while Immersion's litigation risk is increasing.
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