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Fly News Breaks for November 30, 2016
MANT
Nov 30, 2016 | 07:46 EDT
Maxim analyst Brian Kinstlinger downgraded ManTech to Hold from Buy following the stock's year-to-date advance of over 50%, including its 19% run-up since the presidential election, saying that he now sees shares as fairly valued. Defense spending should benefit from the new administration, but he expects it will take 18-24 months before the defense IT industry sees the benefit, noted Kinstlinger, who keeps a $44 price target on ManTech shares.
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