- Shares of FARO Technologies (FARO -3.5%) fall and slightly rebound after Needham cuts its rating to Hold from Buy and nixes its $40 PT, citing valuation.
- Analyst James Richiuti thinks a challenging competitive environment could limit any upside to estimates. At the same time, he notes that the company's cash hoard should provide a "solid measure of downside support as management works to jump-start growth, including rolling out at least one major new product in the Q4."
Weakness Seen in International Business Machines (IBM) Estimates: Should You Stay Away? - Tale of the Tape
at Zacks.com (Nov 12, 2014)