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Fly News Breaks for October 28, 2019
VZ, INSG
Oct 28, 2019 | 07:46 EDT
Canaccord analyst T. Michael Walkley raised his price target on Inseego (INSG) to $8.50 from $7.00. Management decided to increase near-term investments to support additional products for a growing global 5G opportunity. The company launched the industry's first 5G mobile hotspot and Walkley believes volumes will ramp through year-end as Verizon (VZ) launches an increasing number of cities.Walkley reiterated his Buy rating on Inseego shares.
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