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Fly News Breaks for March 13, 2019
NBY
Mar 13, 2019 | 14:01 EDT
Laidlaw analyst Francois Brisebois downgraded NovaBay to Hold from Buy after the company announced a strategic shift and a reduction in its sales force to 15 reps from 45. Given the sales force changes and other recent executive changes, he assumes their previously announced FY19 revenue view will be difficult to achieve. Brisebois cut his price target on NovaBay shares to $1.50 from $2.00.
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