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Fly News Breaks for October 17, 2016
CIR
Oct 17, 2016 | 06:55 EDT
KeyBanc analyst James Picariello upgraded CIRCOR to Overweight and with a $58 price target citing ther recent pullback in shares following the negtive Q3 earnings preannouncement. The analyst believes internal momentum is improving the margin profile setting the stage for significant operating leverage. Further, Picariello said the Critical Flow Solutions acquisition is highly intriguing, accretive, and mitigates macro headwinds.
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