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Fly News Breaks for January 4, 2017
CPS
Jan 4, 2017 | 08:16 EDT
Buckingham upgraded Cooper-Standard to Buy and raised its price target to $125 from $105 citing share underperformance. The firm's analyst believes the company is now past the trough regarding F-Series production, expects for ongoing margin improvement/earnings growth, and improved trading liquidity and diminished shareholder overhang. Buckingham said Cooper shares remain one of its top picks for 2017 and sees best/ worst case for the shares of $136/$88, respectively.
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