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Fly News Breaks for November 7, 2018
AMSC
Nov 7, 2018 | 14:01 EDT
Craig-Hallum analyst Eric Stine noted that AMSC reported Q2 results that topped expectations and even though Q3 guidance was just below expectations he believes the company has turned the corner after many tough years. Stine, who sees AMSC's products as "perfectly positioned" for the increased use of renewables, the greater use of distributed generation and an evolving electric grid, raised his price target on the stock to $15 and keeps a Buy rating on shares.
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