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Fly News Breaks for October 31, 2018
HSC
Oct 31, 2018 | 13:49 EDT
Lake Street analyst Robert Brown reiterated a Buy rating on Harsco and raised his price target on shares to $33 from $31 following the company's "excellent" Q3 results. The analyst believes Harsco is seeing the results from its turnaround efforts and is benefitting from a recovery in the industrial and rail end markets, and is now shifting to growth mode, adding new contracts and expanding commercial efforts. Brown said the integration of the recent ALTEK acquisition is on track and he expects additional acquisitions in 2019.
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