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Fly News Breaks for December 1, 2016
LDL
Dec 1, 2016 | 08:34 EDT
Roth Capital analyst Matt Koranda raised his price target for Lydall to $67 from $58 following the company's acquisition of Gutsche. The analyst believes the deal appears to have a "strong strategic rationale" with a fair valuation multiple that should get more compelling after restructuring/integration activities during 2017/2018. Moreover, Koranda says it moves Lydall closer toward its long-term target of $800M in revenue. He reiterates a Buy rating on the shares.
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