TD Cowen lowered the firm’s price target on Inseego (INSG) to $13 from $16 and keeps a Hold rating on the shares. The firm said the company exceeded 4Q expectations driven by strong mobile solutions and stable high-margin services offset by FWA headwinds from customer inventory management.
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Read More on INSG:
- Inseego’s Performance: Balancing Robust Mobile Solutions with FWA Challenges
- Inseego Corp. Reports Robust Q4 and 2024 Financial Results
- Closing Bell Movers: Carvana down 8% on earnings, Palantir extends decline
- Inseego reports Q4 basic EPS (10c), consensus 2c
- Inseego sees Q1 revenue $30M-$33M, consensus $41.4M
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