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Fly News Breaks for August 9, 2019
CVU
Aug 9, 2019 | 07:35 EDT
Canaccord analyst Ken Herbert said CPI Aerostructures is on track for a step-up in growth and margins in the second half of the year as well as top line growth in 2020 with a possible acceleration into 2021. With strong industry fundamentals and a $450M backlog, the setup remains favorable. Herbert reiterated his Buy rating and $12 price target on CPI Aerostructures shares.
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