Canaccord raised the firm’s price target on PowerFleet to $10 from $6 and keeps a Buy rating on the shares. The firm updated its estimates beginning in the June quarter as its acquisition on MiX Telematics will close in April. They believe this combination creates a company with greater scale and the potential to create meaningful shareholder value.
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- Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results
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- PowerFleet Inc Announces Acquisition of MiX Telematics
