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Fly News Breaks for September 28, 2018
FLIR
Sep 28, 2018 | 08:43 EDT
SunTrust analyst Michael Ciarmoli kept his Buy rating and $65 price target, saying his recent Santa Barbara facility tour and management meetings gave him more confidence that the company's operational improvements will yield continued margin expansion. The analyst further states that the detail around Flir's R&D spending and working capital management showcase its "totally revamped operating model", adding that the automotive opportunity from autonomous vehicle and advanced driver assistance represents a "free call option" on the stock.
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