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Fly News Breaks for August 9, 2018
PCTI
Aug 9, 2018 | 09:07 EDT
Lake Street analyst Jaeson Schmidt downgraded PCTE to Hold from Buy and lowered his price target for the shares to $6 from $9. The company's Q3 outlook and the downward adjustment to full year guidance came in well below estimates as it is seeing meaningful headwinds in both of its business segments, Schmidt tells investors in a post-earnings research note. He finds it prudent to move to the sidelines until visibility improves. B. Riley FBR also downgraded PCTEL this morning.
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