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Fly News Breaks for February 21, 2017
CPS
Feb 21, 2017 | 08:18 EDT
Roth Capital analyst Matt Koranda raised his price target for Cooper-Standard to $125 from $120 following "solid" Q4 results and outlook. The analyst believes the company's margin improvement outlook for 2017 is underpinned by the sustained roll out of BBP and incremental cost savings from Europe restructuring, and thinks this should be more than enough to offset commodity input pressures and normal price downs. He reiterates a Buy rating on the shares.
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