- 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."
From other sites
at Nasdaq.com (Jan 14, 2015)
at CNBC.com (Apr 23, 2012)
at MarketWatch.com (Feb 28, 2012)
at MarketWatch.com (Feb 24, 2011)
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