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Fly News Breaks for August 18, 2017
UEIC
Aug 18, 2017 | 05:45 EDT
Piper Jaffray analyst Michael Olson believes the risk/reward on shares of Universal Electronics is favorable. The company's inventory issues will subside, Olson tells investors in a research note. He continues to believe increasing volumes of higher priced remotes can drive multi-year growth and that a "significant opportunity remains." The analyst maintains an Overweight rating on the shares with a $78 price target.
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