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Fly News Breaks for January 15, 2019
AIT
Jan 15, 2019 | 07:17 EDT
As previously reported, KeyBanc analyst Steve Barger upgraded Applied Industrial Technologies to Overweight from Sector Weight, with a $70 price target. The analyst thinks an investment in Applied Industrial Technologies offers a good combination of solid operational and management performance, improving free cash flow, and deleveraging opportunities at an attractive valuation. If end markets continue to expand at a moderating pace, Barger believes the company will continue to drive revenue growth and margin expansion.
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