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Fly News Breaks for August 22, 2018
SEAC
Aug 22, 2018 | 10:08 EDT
BWS Financial analyst Hamed Khorsand lowered his price target for SeaChange International to $4 after the company reduced revenue expectations for its July quarter by approximately 45% "on what could be delays in adding new customers." It could take SeaChange a couple of quarters to reestablish some trust with investors, Khorsand tells investors in a research note titled "Wiped Out at Sea." The analyst keeps a Buy rating on the shares.
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