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Fly News Breaks for December 12, 2017
ESL
Dec 12, 2017 | 08:49 EDT
Credit Suisse analyst Robert Spingarn lowered his price target for Esterline to $70 from $100 noting that with its disappointing Q4 report, the company guided to another transition year in 2018, with earnings and cash flow expected to be down about 12% year over year. He reiterates a Neutral rating on the shares.
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