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Fly News Breaks for December 5, 2019
PLT
Dec 5, 2019 | 08:05 EDT
JPMorgan analyst Paul Coster initiated coverage of Poly with a Neutral rating and $33 price target. The company recently lost market share and "urgently needs" newly introduced headset and video conferencing products to return to growth in fiscal 2021, Coster tells investors in a research note. The next few quarters are pivotal to avoid stressing the balance sheet, he says.
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