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Fly News Breaks for October 30, 2018
PI
Oct 30, 2018 | 05:26 EDT
With last night's "record quarter," Impinj's issues from prior quarters are now behind the company and its growth will continue to reaccelerate going forward, Piper Jaffray analyst Troy Jensen tells investors in a research note. He believes the company's current strength is "fairly broad-based with strength in retail, airlines, health care, automotive and other verticals all showing positive momentum." The RAIN RFID market represents one of the better growth markets and Impinj is the best way to play the trend, says Jensen. He reiterates an Overweight rating on the shares with a $31 price target.
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