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Fly News Breaks for June 1, 2017
ENS
Jun 1, 2017 | 07:20 EDT
Oppenheimer analyst Noah Kaye views yesterday's 11% selloff in EnerSys following the Q1 guidance cut as overdone. Despite the "stumble," the company's cost-reduction targets and product roadmap plans are intact, Kaye tells investors in a post-earnings research note. He lowered his price target for the shares to $92 from $95 and maintains an Outperform rating on EnerSys.
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