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Fly News Breaks for January 3, 2018
MANT
Jan 3, 2018 | 06:12 EDT
Loop Capital analyst Joseph Vafi raised his price target on ManTech to $60, citing the changes to U.S. corporate taxes which led him to "conservatively" reduce the unlevered federal tax rate by 11%. Vafi adds that the company is also expected to see a one-time reduction in deferred tax liability and will use the cash for M&A and/or raising dividend. The analyst keeps his Buy rating on ManTech.
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