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Fly News Breaks for February 18, 2020
KN
Feb 18, 2020 | 06:07 EDT
Piper Sandler analyst Harsh Kumar upgraded Knowles to Overweight from Neutral with a price target of $23, up from $19. The analyst expects the operational issues affecting March quarter gross margin and the demand concerns surrounding Chinese handsets to ease entering the June 2020 quarter. In addition, these near-term trends should completely reverse in the second half of 2020, Kumar tells investors in a research note. He believes the majority of the operational issues are already under control and largely fixed.
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