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Fly News Breaks for August 9, 2018
CUB
Aug 9, 2018 | 07:40 EDT
Canaccord analyst Ken Herbert said Cubic reported strong Q1 results which increased his confidence in the company's long-term goals. The analyst said the shares are reflecting increased confidence in the full-year 2018 results, and increased confidence in margin expansion and Goal 2020 opportunity. Herbert reiterated his Buy rating and raised his price target to $78 from $76 on Cubic shares.
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