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Fly News Breaks for May 17, 2018
CMTL
May 17, 2018 | 07:23 EDT
Citi analyst Asiya Merchant started Comtech Telecommunications with a Neutral rating and $33 price target. End market visibility, pricing pressures from end customers and CEO succession plans remain a "viable concern," Merchant tells investors in a research note. Further, the analyst believes the market has already priced in the positives from recent strength in the company's backlog.
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