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December 24, 2013
05:26 EDTCAMPCalAmp sell-off on guidance a buying opportunity, says FBR Capital
FBR Capital believes CalAmp's fundamentals remain solid and recommends investors use the post-earnings pullback in shares as a buying opportunity. FBR says the Q4 outlook was hurt by demand in the legacy satellite business having been pulled into Q3 and out of Q4. The firm reiterates an Outperform rating on CalAmp with a $29 price target.
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