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Fly News Breaks for August 17, 2018
CFX
Aug 17, 2018 | 09:36 EDT
As previously reported, Cowen analyst Joseph Giordano upgraded Colfax to Outperform from Market Perform as he makes the case that order patterns are "much stronger than they appear" on the surface at its Air and Gas Handling segments. Meanwhile, orders have stabilized in Power and he expects revenue growth to accelerate through 2020, Giordano tells investors. He raised his price target on Colfax shares to $40 from $34.
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