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Fly News Breaks for May 13, 2019
May 13, 2019 | 08:02 EDT
Maxim analyst Nehal Chokshi downgraded Control4 to Hold and lowered his price target to $24 from $31 after the company announced that it was being acquired by SnapAV for $23.91 per share in cash. Given Control4's "weak" Q1 results, the analyst does not anticipate a competitive bid to materialize during the go-shop period.
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