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Fly News Breaks for March 30, 2017
CVGI
Mar 30, 2017 | 07:44 EDT
Seaport Global analyst Michael Shlisky upgraded Commercial Vehicle Group to Buy and raised its price target to $7 from $5.50 following the Q4 report and news of the debt reduction/refinancing deal. Shlisky raised estimates substantially due to reduced interest costs and improving end-market conditions, and estimates earnings could double in 2018 as Class 8 truck forecasts continue to rise.
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