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Fly News Breaks for July 19, 2016
SMCI
Jul 19, 2016 | 09:26 EDT
As noted earlier, DA Davidson downgraded Super Micro to Neutral from Buy. The firm downgraded the stock following the negative preannouncement. The firm says that the company's miss is its fourth in the last six quarters and its second in a row. The firm is concerned by the deterioration in the company's profitability. Target $19.
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