Information Provided By:
Fly News Breaks for September 24, 2015
LIOX
Sep 24, 2015 | 08:33 EDT
Barrington attributes the 17% drop in shares of Lionbridge Technologies since August 17 to concerns that its clients could be hurt by a slowdown in the Chinese economy, which in turn could cut into Lionbridge's translation activity. Noting that Europe, not China, is the biggest market for Lionbridge's clients, the firm thinks the pullback is an overreaction and views the decline as a buying opportunity. Barrington keeps an Outperform rating and $8 price target on the stock.
News For LIOX From the Last 2 Days
There are no results for your query LIOX