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Fly News Breaks for February 12, 2020
KRNT
Feb 12, 2020 | 05:06 EDT
Stifel analyst Patrick Ho raised his price target for Kornit Digital to $47 from $40 saying the company ended 2019 on a strong note, with strength coming from systems sales in the December quarter. More importantly, the positive momentum in new product sales will continue into 2020, Ho tells investors in a post-earnings research note. He believes Kornit is "firmly on track" for its stated five-year goal of reaching $500M in annual revenues. The analyst keeps a Buy rating on the shares.
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