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Fly News Breaks for January 30, 2017
DCO
Jan 30, 2017 | 07:37 EDT
Canaccord analyst Ken Herbert raised his price target on Ducommun to $33 from $28 following last week's announcement that the company will supply titanium structures for engine support and engine frames on the A320neo aircraft. He believes Ducommun should benefit from a return to top-line growth, margin upside, and continued de-leveraging and strong execution. Herbert reiterated his Buy rating on Ducommun shares.
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