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Fly News Breaks for September 22, 2017
CUB
Sep 22, 2017 | 07:23 EDT
Raymond James analyst Brian Gesuale upgraded Cubic to Strong Buy from Outperform and raised its price target to $60 from $53. The analyst said, over the past four years, Cubic has foregone some near-term profits in order to establish the technical competencies, the reference contracts, and the past performance to accelerate its rebuilding process and drive significant shareholder value longer term. He now sees improving mix, accelerating organic growth, margin expansion, and news driven catalysts driving shares higher.
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