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Fly News Breaks for February 23, 2018
FARO
Feb 23, 2018 | 08:51 EDT
Needham analyst James Ricchiuti raised his price target on FARO Technologies to $65 after the company's Q4 earnings beat, saying the company saw the strongest operating margins in the quarter in 3 years. Ricchiuti adds that FARO Technologies has entered 2018 with strong momentum in the construction BIM/CIM market and expects the management to reposition the company in new growth markets over the next two years.
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