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Fly News Breaks for September 18, 2019
CVGI
Sep 18, 2019 | 13:47 EDT
Barrington analyst Chris Howe raised his price target for Commercial Vehicle Group to $8.50 from $7.50 after the company announced the acquisition of First Source Electronics for $44.75M. The analyst raised his estimates to account for the acquisition, which he notes is expected to be accretive to operating income, with margins in line with the Electrical Systems segment, and earnings per share in year one. Howe reiterates an Outperform rating on Commercial Vehicle Group shares.
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