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Fly News Breaks for August 31, 2015
ASTE
Aug 31, 2015 | 07:24 EDT
As noted earlier, Stifel upgraded Astec to Buy from Hold. After meeting with Astec's management, Stifel is more optimistic that Congress will pass a multi-year highway bill that it says will help the company. The firm expects the company to get a boost from its new wood pellet business and thinks it may benefit from additional bolt-on M&A deals going forward. Target $50.
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