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Fly News Breaks for September 16, 2016
APOG
Sep 16, 2016 | 09:05 EDT
DA Davidson analyst Brent Thielman says that a 13% year-over-year decline in Apogee's backlog has triggered worries about its building end-markets. However, the analyst thinks that the company's backlog could rebound in 2H16. Moreover, he thinks that the shares are already discounting a slowdown in the company's end markets and fail to reflect its markets' longer term growth potential. He keeps a $56 price target and Buy rating on the stock.
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