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Fly News Breaks for February 14, 2019
FLIR
Feb 14, 2019 | 07:20 EDT
SunTrust analyst Michael Ciarmoli raised his price target on Flir Systems to $60 and kept his Buy rating after its mixed Q4 results and better than expected FY19 revenue outlook, saying expectations of organic growth should "alleviate investor concerns around a defense revenue gap and potential for margin erosion on higher spending." The analyst notes that investors were concerned with the valuation of the recent acquisitions, but sees shares as "attractive" given the current DoD trends.
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