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Fly News Breaks for November 13, 2019
SSTI
Nov 13, 2019 | 09:04 EDT
Lake Street analyst Jaeson Schmidt lowered his price target for ShotSpotter to $23 from $40 saying the company lowered its 2019 revenue guidance for the third time. The reduction was due to delays in closing contracts, says the analyst, who keeps a Buy rating on ShotSpotter. He still believes ShotSpotter has an opportunity to drive "significant" sales growth and improving earnings longer term.
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