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Fly News Breaks for June 18, 2019
KRNT
Jun 18, 2019 | 09:00 EDT
Needham analyst James Ricchiuti raised his price target on Kornit Digital to $34 and kept his Buy rating after the company's $130M equity raise last week. The analyst says the offering brings Kornit Digital's net cash position to about $250M and gives it "considerable flexibility" to pursue strategic acquisitions and to further fund its "strong" organic growth, which he expects to remain the primary catalyst for the company.
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