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Fly News Breaks for July 21, 2016
EGL
Jul 21, 2016 | 07:33 EDT
SunTrust analyst Tobey Sommer initiated Engility with a Buy and $30 price target based on new management changes, expected superior book-to-bill in coming quarters resulting from a stronger internal bid and proposal engine, an inflection to positive organic growth in 2017, and potential for a boost to cash flow and EPS from refinancing expensive debt.
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