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Fly News Breaks for July 13, 2016
XPLR
Jul 13, 2016 | 08:39 EDT
As previously reported, Roth Capital analyst William Gibson downgraded Xplore Technologies to Neural from Buy as he now expects lower sales and losses. Sales growth is proving difficult to come by, the analyst tells investors in a research note, adding that Xplore is focused on profitability and has walked away from business with inadequate margins. Gibson also points out that several orders have reportedly been pushed out. He lowered his price target on the shares to $2.40 from $3.50.
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