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Fly News Breaks for September 1, 2015
ESL
Sep 1, 2015 | 07:59 EDT
Canaccord said the recent volatility and lack of margin improvement for Esterline has caused investors to become increasingly cautious and impatient. The firm believes management has been consistent with its 2016 projection of margin expansion and as a result Canaccord believes the long-term upside for Esterline remains favorable. Canaccord reiterated its Buy rating and $130 price target on Esterline shares.
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