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Fly News Breaks for October 24, 2019
Oct 24, 2019 | 09:13 EDT
BWS Financial analyst Hamed Khorsand lowered his price target for Netgear to $45 from $65 saying the company's product transition story "continues to hit some hiccups this year." The analyst says the upgrade cycle he had been expecting to take hold in 2019 is now looking like a 2020 event. While admitting he was too early with his forecast of Netgear benefiting from upgrades to WIFI 6, Khorsand keeps a Buy rating on the shares following the company's Q3 results.
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