Fly News Breaks for August 16, 2019
Aug 16, 2019 | 07:36 EDT
Canaccord analyst T. Michael Walkley raised his price target on Impinj to $42 from $39 following meetings with management. The analyst said management highlighted the growing uses of RAI RFID across numerous vertical markets, including new industry opportunities with strong long-term growth potential. He anticipates double-digit revenue growth through 2021 with growing RAIN opportunities. Walkley reiterated his Buy rating on Impinj shares.
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