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Fly News Breaks for September 12, 2017
DCO
Sep 12, 2017 | 07:14 EDT
Canaccord analyst Ken Herbert noted Ducommun announced an acquisition of Lightening Diversion Systems and believes it represents the beginning of the anticipated transformation and growth under its new CEO. Herbert likes the acquisition as it is accretive to margins and increases the contribution from proprietary products with greater aftermarket exposure. Herbert expects a favorable investor reaction to the acquisition and he reiterated his Buy rating and $36 price target on Ducommun shares.
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