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Fly News Breaks for October 20, 2015
UBNT
Oct 20, 2015 | 08:21 EDT
As previously reported, Morgan Stanley downgraded Ubiquiti to Underweight from Equal Weight and maintained its $24 price target. Analyst James Faucette said Ubiquiti is increasing investment in multiple areas and is concerned that incremental investment will lower ROI and pressure its industry leading operating margins. Faucette views Ubiquiti's valuation as extended rom likely opportunities and sees few short-term catalysts ahead.
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