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Fly News Breaks for May 30, 2018
HSC
May 30, 2018 | 10:53 EDT
Lake Street analyst Robert Brown raided his price target for Harsco to $31 from $30 citing accretion from the acquisition of Altek Group. Harsco has "now turned to offense with an accretive acquisition that expands into the aluminum vertical and adds additional growth paths in its waste-to-value strategy," Brown tells investors in a research note. He now has increased confidence in the company reaching its long-term goals of $2B in revenue and $400M in EBITDA. The analyst keeps a Buy rating on the shares.
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