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Fly News Breaks for June 13, 2017
EGL
Jun 13, 2017 | 08:21 EDT
FBR Capital analyst Christopher Van Horn believes investors are undervaluing the opportunity for Engility to outperform its government IT sector peers over the coming two years. The company's "increased competitive edge" and "solid management team" is not reflected in the share price, Van Horn tells investors in a research note. He believes the stock is overly discounted after dropping 15% this year and reiterates an Outperform rating on Engility with a $40 price target.
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