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Fly News Breaks for August 7, 2019
UBNT
Aug 7, 2019 | 17:40 EDT
Barclays analyst Tim Long initiated Ubiquiti with an Underweight rating and a price target of $106. The analyst noted that Ubiquiti has a declining price advantage, and is also concerned about the Server Provider business as there has been a "major slowdown in broadband access in North America" and similar trends look to be developing internationally.
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