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Fly News Breaks for April 18, 2019
GHM
Apr 18, 2019 | 08:00 EDT
Maxim analyst Tate Sullivan initiated Graham with a Buy rating and a price target of $27, citing the company's "record backlog from U.S. Navy" for aircraft carrier and submarine equipment which should lead to a "meaningful rebound" in earnings. The analyst also believes that Graham may announce a 10% dividend increase in August after its first divident increase in 3 years in 2018 while anticipating the company's "less cyclical than other end markets' " orders from the U.S. Navy to continue to grow.
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