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Fly News Breaks for December 12, 2018
DCO
Dec 12, 2018 | 07:13 EDT
SunTrust analyst Michael Ciarmoli initiated Ducommun with a Buy rating and a price target of $47, calling the stock a "compelling turnaround story". The analyst believes that the company's business model transformation is set to improve its financial performance and boost its "status and value in the A&D supply chain". Cialmoli expects Ducommun to achieve its mid-single digit revenue and double-digit operating profit annualized growth through 2021, also forecasting 280bps of margin expansion over the next 3 years.
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