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Fly News Breaks for November 9, 2016
ATRO
Nov 9, 2016 | 08:16 EDT
Canaccord analyst Ken Herbert noted Astronics reported disappointing Q3 results due to weaker revenues in the Aerospace segment. The analyst said management's inability to provide greater detail on the revenue shortfall was surprising, but he believes the stock reaction was overdone. Herbert reiterated his Buy rating but lowered his price target to $38 from $45 on Astronics shares.
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