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Fly News Breaks for February 2, 2018
PI
Feb 2, 2018 | 07:50 EDT
As previously reported, Canaccord analyst T. Michael Walkley downgraded Impinj to Hold from Buy. The analyst noted the company lowered guidance for Q2 due to delayed rollouts and increased competitive price pressures. He now has less confidence in the company's growth potential over the next several quarters given the deteriorating business trends. Walkley lowered his price target to $20 from $35 on Impinj shares.
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