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Fly News Breaks for May 17, 2017
AEGN
May 17, 2017 | 07:14 EDT
Canaccord analyst Bobby Burleson noted Aegion shares are down roughly 20% since April, but he believes the story of improving fundamentals and a valuation with room for expansion remains. He believes new deepwater project opportunities will emerge in 2018 and the funding backdrop for infrastructure spending has improved. Burleson reiterated his Buy rating and $30 price target on Aegion shares.
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