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Fly News Breaks for August 13, 2019
REZI
Aug 13, 2019 | 07:19 EDT
Oppenheimer analyst Ian Zaffino lowered his price target for Resideo to $20 from $30 as he is concerned with the company's margin profile over the next 2-3 years. The analyst believes Resideo could face a permanently lower margin profile in security, as well as increased investment spend and near-term headwinds created by its transition from high-margin, non-connected devices to lower-margin, connected devices. Zaffino has an Outperform rating on the shares.
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