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Fly News Breaks for September 24, 2018
LTRX
Sep 24, 2018 | 08:58 EDT
Lake Street analyst Jaeson Schmidt believes Lantronix's equity offering last week gives the company "additional dry powder" to execute on its acquisition strategy. The analyst thinks the shares can see "meaningful" multiple expansion as investors gain confidence in the sustainability of the company's recent momentum. He reiterates a Buy rating on Lantronix with a $6 price target.
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