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Fly News Breaks for December 7, 2017
SNCR
Dec 7, 2017 | 06:47 EDT
Deutsche Bank analyst Nandan Amladi lowered his price target for Synchronoss to $8 from $18 saying he recommends investors remain on the sidelines with "much uncertainty in the weeks ahead." The company's extended delisting stay from Nasdaq is only a temporary reprieve, Amladi tells investors in a research note. The analyst sees increased risk of delisting, unless the company's filings are forthcoming within the next few weeks. He keeps a Hold rating on the shares.
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