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Fly News Breaks for April 12, 2016
AIRM
Apr 12, 2016 | 07:14 EDT
Oppenheimer analyst Michael Wiederhorn says he would be a buyer of Air Methods' stock at current prices, expecting more tailwinds than headwinds in 2016. Although Air Methods remains a "controversial name," there are reasons to like this story, Wiederhorn tells investors in a research note. While quarterly earnings may be volatile for the company, the analyst believes easier comps and "strong tailwinds" should drive earnings in 2016. Wiederhorn reiterates an Outperform rating and $58 price target on the shares.
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