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Fly News Breaks for September 17, 2015
AIN
Sep 17, 2015 | 08:41 EDT
Stifel believes that the recent decline in Albany International has been overdone, as worries about the company's China exposure are exaggerated. After conducting extensive checks, the firm remains confident in the company's outlook. It expects the company's MIC business to grow about 2% in 2015-2016. Stifel keeps a $48 price target and Buy rating on the shares.