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Fly News Breaks for January 18, 2018
SQNS
Jan 18, 2018 | 07:27 EDT
Canaccord analyst T. Michael Walkley noted Sequans priced a secondary offering which should provide a funding bridge until the company reaches free cash flow breakeven levels. The analyst also said the company has been winning IoT design awards and is positioned to return to profitability in 2019. Walkley reiterated his Buy rating and lowered his price target to $3.75 from $4.25 on Sequans shares.
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