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Stock Market & Financial Investment News

News Breaks
February 21, 2014
08:42 EDTFLTXFleetmatics price target lowered to $42 from $50 at FBR Capital
FBR Capital lowered its price target for Fleetmatics shares to $42 after the company's 2014 outlook missed expectations. FBR attributes the soft outlook to sizeable investments in 2014 and believes the company's business fundamentals remain solid. It keeps an Outperform rating on the stock.
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August 28, 2014
07:49 EDTFLTXFleetmatics risk/reward positiive in 2H14, says Pacific Crest
After meeting with FleetMatics' CEO, Pacific Crest remains upbeat on the company's fundamentals and a number of its initiatives, including its efforts to use new products to raise existing customers' ARPU. The firm warns that sentiment remains somewhat soft on the name, but it keeps a $45 price target and Outperform rating on the shares.

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