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Fly News Breaks for February 9, 2018
FOXF
Feb 9, 2018 | 06:32 EDT
As reported earlier, DA Davidson analyst Andrew Burns upgraded Fox Factory to Buy from Neutral and kept his $44 price target. The analyst believes that 2018 is off to a good start after an "excellent" 2017, with particular strength in the off-road capable on-road market segments that help to "validate the company's superior technology and growth potential". Burns notes that all of the recent OEM wins will begin to impact Fox Factory's revenue and earnings beginning this year.
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