Goldman Sachs has decided to maintain its Sell rating of CalAmp CAMP and lower its price target from $4.30 to $3.70.
Shares of CalAmp are trading up 2.76% over the last 24 hours, at $3.35 per share.
A move to $3.70 would account for a 10.45% increase from the current share price.
CalAmp Corp provides wireless communications solutions applications to customers. The company's products, software, and application services are sold into a broad array of market verticals, including transportation, government, construction, and automotive to customers in the United States; Latin America; Europe the Middle East, and Africa; Asia-Pacific; and others. Its business activities are organized into its Telematics Systems and Software & Subscription Services. The Telematics Systems segment offers a series of Mobile Resource Management ('MRM') telematics products and applications. The software & Subscription Services segment offers cloud-based application enablement and telematics service platforms.
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