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Fly News Breaks for December 19, 2019
CFX
Dec 19, 2019 | 08:16 EDT
Baird analyst Michael Halloran said the long term opportunity for Colfax remains attractive as he believes it can achieve low to mid-teens earnings growth on revenue growth of 3-5%. The analyst attended its Analyst Day and said he views its guidance as a realistic starting point with margins a potential upside lever and the pace of a second half recovery a key swing factor however, execution remains the key. Halloran reiterated his Outperform rating and raised his price target to $42 from $39 on Colfax shares.
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