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Fly News Breaks for December 5, 2016
KAI
Dec 5, 2016 | 09:57 EDT
Barrington analyst Rudolf Hokanson raised his price target on Kadant to $75 from $63 following the company's Investor Day, at which the company presented its five-year financial targets, which include revenue to be $700M-$800M, diluted EPS of $5.00-6.00, free cash flow of $70M-$80M and net debt to be $60M-$140M. Hokanson keeps an Outperform rating on Kadant shares.
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