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Fly News Breaks for September 24, 2015
ATRO
Sep 24, 2015 | 07:34 EDT
Canaccord said the recent selloff in Astronics shares is overdone. The firm feels the selloff was related to concerns about the aerospace cycle, lower aerospace growth, and uncertainty in the test business, but management expressed confidence in its test business and plans to focus on power opportunities. Canaccord reiterated its Buy rating and $70 price target on Astronics shares.
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