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Fly News Breaks for December 16, 2015
BEAV
Dec 16, 2015 | 07:34 EDT
After BE Aerospace's stock fell 6% in the last two weeks, Sterne Agee CRT blames year-end selling, the weak industry aftermarket, and slow A350 deliveries for the stock's decline,. The firm, noting that the stock is down 28% this year, says that the latter two issues "are completely overblown," and it believes that the stock has reached a bottom. It keeps a $64 price target and Buy rating on the shares.
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