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Fly News Breaks for January 14, 2016
UBNT
Jan 14, 2016 | 08:10 EDT
As noted earlier, Bernstein downgraded Ubiquiti to Market Perform from Outperform. The firm says the company failed to diversify into new areas of data networking as Bernstein had anticipated. The firm adds that it is concerned about the company's governance, given a fraud incident last summer and the fact that it has not had a CFO for over six months. Target to $30 from $40.
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