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Fly News Breaks for November 2, 2017
MANT
Nov 2, 2017 | 09:28 EDT
Maxim analyst Brian Kinstlinger raised his price target on ManTech to $53 and kept his Buy rating after Q3 results, noting "solid" award trends and expectations of low-mid teen revenue growth in FY18. Kinstlinger says his bullish investment thesis is driven by strong Q3 bookings, including the $817M award from the U.S. State Department. The analyst also cites management's expectations to boost its operating margins by 10-15bps annually.
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