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Fly News Breaks for July 2, 2019
LRAD
Jul 2, 2019 | 06:56 EDT
Oppenheimer analyst Andrew Uerkwitz started LRAD Corporation with an Outperform rating and $5 price target. The company is a leader in long range voice broadcast systems and advanced public safety notification, Uerkwitz tells investors in a research note. The analyst believes LRAD is in the middle of a "slow, long tail global growth cycle" as communities update updating antiquate alarm notification systems. He thinks its earnings can grow "substantially faster" as the company continues to scale.
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