Roth Capital analyst Scott Searle lowered his estimates for Orbcomm "marginally" for the fourth time in five quarters after the company's 2020 growth outlook was below expectations due to lower recurring services growth. However, the stock's valuation and "reasonable" long-term fundamentals "should provide some support," Searle tells investors in a research note. With only 2%-4% Service growth expected, an ongoing backlog of containers provides some comfort with 2020 visibility, says the analyst, who keeps a Buy rating on Orbcomm with an $8 price target.