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Fly News Breaks for August 14, 2019
VTSI
Aug 14, 2019 | 09:08 EDT
Lake Street analyst Jaeson Schmidt lowered his price target for VirTra to $5 from $6 saying the timing of orders led to "weak" Q2 results. However, the weakness simply reflects the inherent lumpiness of order patterns and is not indicative of any market share or pricing issues, Schmidt tells investors in a research note. He points out VirTra exited with record backlog of $10.1M and keeps a Buy rating on the shares.
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