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Fly News Breaks for May 10, 2018
ATRO
May 10, 2018 | 07:21 EDT
As reported previously, Canaccord analyst Ken Herbert downgraded Astronics to Hold from Buy. The analyst cited three reasons for his downgrade, including a lower reset of Aerospace margins, limited visibility in the test business, and incremental pressure on pricing as wide-body aircraft face further reductions in build rates. Herbert lowered his price target to $41 from $50 on Astronics shares.
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