Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on VIQ Solutions to $2 from $4 and reiterated a Buy rating on the shares following "disappointing" Q3 results. The analyst told investors that the migration to the new Queensland transcription contract moved the courts to a new technology that required engagement to test and evolve that technology and retrain the production and IT teams to adapt to this new environment. Kinstlinger noted this migration required "significant" resources that constrained capacity by 30%.
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Published first on TheFly