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Fly News Breaks for September 28, 2015
PRCP
Sep 28, 2015 | 08:00 EDT
Canaccord lowered Perceptron estimates and cut tis price target to $11 from $15 on shares due to potential Volkswagen related headwinds. Analyst Bobby Burleson said a quarter of Perceptron's revenues come from Volkswagen and any pushout in capex could be detrimental. Longer-term Burleson retains his Buy rating based on new product introductions and core business end market expansion.
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