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Fly News Breaks for December 19, 2017
MANT
Dec 19, 2017 | 06:30 EDT
Loop Capital analyst Joseph Vafi raised his price target on ManTech to $57, saying the company is on track to lead its peers on organic growth and possibly margin expansion in 2018. Vafi contends that ManTech's GAAP EPS still "significantly understates" its cash earnings potential in spite of the accelerating fundamentals, anticipating the company to adopt an "adjusted EPS" accounting next year. The analyst adds that the company stands to benefit from tax reform given its large domestic revenue component.
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