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Fly News Breaks for August 2, 2016
EGL
Aug 2, 2016 | 08:46 EDT
Cowen raised its price target on Engility to $36 from $27 citing solid quarterly results and an improving bookings/sales outlook. The firm noted shares still trade at a discount on a free cash flow basis and that the stock also has high short interest. Cowen maintained its Outperform rating on Engility shares.
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