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Fly News Breaks for February 10, 2016
RKUS
Feb 10, 2016 | 08:52 EDT
After Ruckus reported roughly in-line results but provided 2016 revenue guidance that BMO Capital says came in slightly below expectations, the firm was nonetheless encouraged by the guidance, saying that the stock was pricing in a more subdued outlook. The firm thinks the company's guidance is conservative. It cut its price target on the name to $11 from $15 but keeps an Outperform rating on the shares.
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