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Fly News Breaks for December 28, 2017
RVLT
Dec 28, 2017 | 13:22 EDT
Roth Capital analyst Craig Irwin lowered his estimates for Revolution Lighting to reflect the lower guidance issued by the company last night and cut his price target for the stock to $5 from $8. However, the company's large retail customer placed a follow on order that he views as "a healthy positive" and Irwin also believes traction with the Navy is building, he tells investors. The analyst keeps a Buy rating on Revolution Lighting shares.
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