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Fly News Breaks for January 12, 2018
CMCO
Jan 12, 2018 | 09:09 EDT
Roth Capital analyst Matt Koranda said he believes Columbus McKinnon's newly-communicated three-year revenue and EBITDA targets appear conservative and beatable. The balance sheet improvement implied by the company's free cash flow projections are "perhaps of equal or greater importance to the EBITDA targets," said Koranda, who raised his price target on the stock to $50 from $41 and keeps a Buy rating on the shares.
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