William Blair assumed coverage of PowerFleet with an Outperform rating. The combination of MiX and Powerfleet should create a business with significantly more scale, the analyst tells investors in a research note. The firm believes the company’s revenue growth could accelerate to double digits driven by several potential revenue synergies. It views the business combination as having a very favorable risk/reward.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWFL:
- PowerFleet Inc’s Strategic Acquisition and Leadership Refresh
- Powerfleet and MiX Telematics Close Business Combination, Creating New Top-Tier Global AIoT SaaS Provider
- PowerFleet assumed with an Outperform at Raymond James
- PowerFleet initiated with an Outperform at Raymond James
- PowerFleet initiated with an Outperform at Northland
