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Fly News Breaks for February 5, 2020
KN
Feb 5, 2020 | 08:46 EDT
Lake Street analyst Jaeson Schmidt lowered his price target for Knowles to $17 from $20 saying both the company's revenue and earnings guidance fell well below estimates. This should catch most investors off-guard given the strong outlooks provided by Apple and other Apple suppliers, Schmidt tells investors in a research note. The analyst, however, despite keeping a Hold rating on the shares, thinks Knowles' competitive position and long-term opportunity to drive growth in its end markets remains unchanged.
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