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Fly News Breaks for December 24, 2015
GVA
Dec 24, 2015 | 07:52 EDT
Sterne Agee CRT expects Granite Construction to reach a positive turning point in 2016, driven by accelerating bookings and increased utilization that support margin expansion. The firm says that the company is unique because of its nearly 100% U.S. exposure and lack of exposure to commodities. It keeps a $50 price target and Buy rating on the name.
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