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Fly News Breaks for April 24, 2017
GNTX
Apr 24, 2017 | 07:55 EDT
Wells Fargo says that the decline in Gentex's stock following its back-end loaded guidance was overdone. The firm says that "the bear case is flawed" because the company "continues to announce strong net, new business growth," while its average selling prices remain "stable." Wells thinks that the decline in the stock has created a buying opportunity, and it keeps a $21-$24 price target and an Outperform rating on the shares.
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