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Fly News Breaks for August 3, 2018
LUNA
Aug 3, 2018 | 07:08 EDT
Northland analyst Tim Savageaux downgraded Luna Innovations to Market Perform from Outperform as he sees the shares reflecting the value of the "well executed" sale of the Opto Solutions unit at current levels. He also sees increased uncertainties around larger scale M&A given Luna's increased cash balance and prefers to step to the sidelines. He maintains a $4 price target on Luna shares.
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