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Fly News Breaks for May 13, 2019
CUB
May 13, 2019 | 08:28 EDT
As previously reported, Raymond James upgraded Cubic to Strong Buy from Outperform with a $82 price target. Analyst Brian Gesuale believes investors are underestimating backlog growth and quality and have been focused on choppy quarterly results. The analyst sees an opportunity for investors to take advantage of long-term fundamentals and sees a path to an intrinsic value of $109 over the next two years.
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