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Fly News Breaks for June 3, 2016
AMSC
Jun 3, 2016 | 07:48 EDT
In a research note titled "This Is Not Your Father's AMSC," FBR Capital analyst Carter Driscoll writes that investors should revisit the "story and understand the transformation taking place." He does not believe investors are fully appreciating ASMC's transformation. After hosting meetings with management, Driscoll believes the company has created potential revenue streams with its core control and conducting technologies. He keeps an Outperform rating on the shares with a $14 price target.
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