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Fly News Breaks for March 3, 2020
LUNA
Mar 3, 2020 | 09:05 EDT
B. Riley FBR analyst Dave Kang raised the firm's price target on Luna Innovations to $9 from $6.80 and keeps a Buy rating on the shares ahead of the company's Q4 results on March 5. The analyst, who expects in-line results relative to consensus estimates, is using a higher multiple to reflect Luna's "strong fundamentals and management's consistent track record."
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