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Fly News Breaks for August 7, 2019
SSTI
Aug 7, 2019 | 08:52 EDT
Lake Street analyst Jaeson Schmidt lowered his price target for ShotSpotter to $40 from $50 after the company reduced its guidance to reflect the timing of contracts. While the magnitude of the downward adjustment is relatively small, the stock is likely to sell off sharply as this is the second consecutive ShotSpotter lowered its outlook and fuels concern in a more severe deceleration in growth, Schmidt tells investors in a research note. The analyst, however, maintains a Buy rating on the shares.
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