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Fly News Breaks for November 21, 2017
CUB
Nov 21, 2017 | 07:16 EDT
Canaccord analyst Ken Herbert raised his price target on Cubic to $64 from $55 following Q4 results. The analyst noted the company's announcement of a contract win with the Boston CTS, which should serve as a catalyst for the shares as the accelerating top-line growth should be a tailwind while management executes to its margin opportunity. Herbert reiterated his Buy rating on Cubic shares.
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