JPMorgan Downgrades CalAmp Corp. (CAMP) to Neutral

March 25, 2019 4:02 AM EDT
Get Alerts CAMP Hot Sheet
Price: $10.19 -3.5%

Rating Summary:
    10 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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JPMorgan analyst Paul Coster downgraded CalAmp Corp. (NASDAQ: CAMP) from Overweight to Neutral with a price target of $17.00.

  • Steps aside citing limited catalysts.
  • Believes pace of growth in software/subscription is too slow to generate a re-rating in the coming 6-12 months.
  • Expects EPS growth in 2021 to be solid once recent acquisitions are integrated.

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

Shares of CalAmp Corp. closed at $12.24 yesterday.

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