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Fly News Breaks for February 10, 2017
UBNT
Feb 10, 2017 | 07:13 EDT
As previously reported, Credit Suisse analyst Kulbinder Garcha downgraded Ubiquiti to Underperform from Neutral following mixed results, some signs of margin pressure, and series of non-operational concerns along with an expensive valuation. The analyst has doubts regarding the quality of the company's business model. Garcha also lowered his price target on the shares to $44 from $47.
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