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Fly News Breaks for January 5, 2018
ASTE
Jan 5, 2018 | 07:17 EDT
Baird analyst Mig Dobre sees several tailwinds for Astec, which makes it a top pick for 2018. He noted the company was a big laggard in 2017, but sees a strong setup for earnings growth. He said the top and bottom line growth should reflect good core trends and sentiment should improve as government policy shifts focus to infrastructure. Dobre reiterated his Outperform rating and raised his price target to $70 from $65 on Astec shares.
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