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Fly News Breaks for February 21, 2018
ASTE
Feb 21, 2018 | 09:19 EDT
As previously reported, Dougherty upgraded Astec to Buy with a $70 price target. Analyst Jon Fisher said Astec beat Q4 revenue and earnings expectations and increased their core revenue growth outlook for 2018. Fisher raised his 2018 revenue forecast to reflect the Q4 outperformance and increased 2018 revenue guidance and believes the cash build on the balance sheet will be used for an accretive acquisition or special dividend.
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