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Fly News Breaks for February 6, 2018
PI
Feb 6, 2018 | 04:51 EDT
Piper Jaffray analyst Troy Jensen upgraded Impinj to Overweight while maintaining an $18 price target for the shares. The recent sell-off in the stock has created a "compelling" valuation, Jensen tells investors in a research note. The analyst believes the company's "poor" March quarter guidance was amplified by Impinj's investment in finished goods inventory, which he notes is reducing lead-times and allowing partners to lower inventory levels.
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