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Fly News Breaks for March 28, 2017
KVHI
Mar 28, 2017 | 06:32 EDT
Raymond James analyst Ric Prentiss downgraded KVH Industries to Outperform and lowered its price target to $9 from $11 saying initial 2017 guidance provided on March 3 was disappointing and believes strategic initiatives will pressure margins in the short-term, but could produce meaningful long-term growth. The analyst thinks 2017 guidance could prove conservative, creating an opportunity to beat reduced expectations.
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