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Fly News Breaks for July 31, 2017
ECHO
Jul 31, 2017 | 07:49 EDT
After Echo reported higher than expected revenue but its gross margin fell sequentially and it retracted its 2018 targets, contributing to a decline in the stock, Stifel analyst John Larkin lowered his price target on the shares to $18 from $23. However, the analyst continues to believe that the company's EPS growth can average around 15%, and he is upbeat on its management team and its acquisition of Command. He believes that the stock's weakness has created a buying opportunity.
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