First Analysis Downgrades ORBCOMM (ORBC) to Outperform

February 28, 2019 3:34 AM EST
Get Alerts ORBC Hot Sheet
Price: $11.30 --0%

Rating Summary:
    5 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 41
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First Analysis analyst Howard Smith downgraded ORBCOMM (NASDAQ: ORBC) from Strong Buy to Outperform with a price target of $10.00 (from $13.00).

The analyst is incrementally more negative noting that decent cash flows and progress on margin improvement are not enough to offset NT weakness.

For an analyst ratings summary and ratings history on ORBCOMM click here. For more ratings news on ORBCOMM click here.

Shares of ORBCOMM closed at $9.05 yesterday.

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