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Fly News Breaks for August 23, 2018
LTRX
Aug 23, 2018 | 08:28 EDT
Lake Street analyst Jaeson Schmidt raised his price target for Lantronix to $6 saying yesterday's "solid" Q4 results further illustrate the company's "steady execution and potential leverage in the model." The analyst believes the shares can see continued multiple expansion as investors gain confidence in the sustainability of the company's recent momentum. He sees "little to complain about" following the Q4 print and reiterates a Buy rating on Lantronix.
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