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Fly News Breaks for December 12, 2017
ATRO
Dec 12, 2017 | 08:40 EDT
Canaccord analyst Ken Herbert adjusted Astronics estimates to reflect the recent closure of the Telefonix acquisition and believes the deal will add $10M in 2018 EBIT, or approximately 10c to earnings. The analyst raised Astronics' price target to $46 from $40 to reflect an improved 2018 outlook and reiterated his Buy rating on share.
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