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Fly News Breaks for August 5, 2015
INVN
Aug 5, 2015 | 11:25 EDT
Barrington analyst Ted Moreau downgraded InvenSense to Market Perform citing the "somewhat soft" Q2 guidance and concerns that the loss of some Samsung business will result in challenging year-over-year revenue and earnings comparisons. Moreau prefers to wait for a better entry point into shares as he sees a lack of near-term catalysts. Shares of InvenSense are down 79c to $12.07 after reporting Q1 results last night.
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