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Fly News Breaks for May 8, 2018
PI
May 8, 2018 | 08:18 EDT
Morgan Stanley analyst Craig Hettenbach called Impinj's Q1 results and Q2 guidance an "important step in the bottoming out process," though he also notes that gross margins came in below expectations and that meaningful EPS losses are persisting with continued operating expense growth still a drag on profitability. Given limited visibility, Hettenbach maintains an Equal Weight rating and $14 price target on Impinj shares.
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