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Fly News Breaks for February 19, 2020
ALTG
Feb 19, 2020 | 08:38 EDT
B. Riley FBR analyst Alex Rygiel initiated coverage of Alta Equipment Group with a Buy rating and $14 price target. The analyst sees potential upside to $25 per share over the next two years, as he believes Alta has a unique dealership platform for industrial and heavy construction equipment. Alta has "numerous barriers to entry," Rygiel tells investors in a research note.
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