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Fly News Breaks for November 2, 2018
MANT
Nov 2, 2018 | 06:11 EDT
Loop Capital analyst Joseph Vafi kept his Buy rating and $80 price target on ManTech after its Q3 results produced 18% revenue growth, "over half of which was organic". The analyst also notes that the company's large follow-on contract with DHS drove a book-to-bill of over 2.2-times. Given the "very low recompete risk" for the rest of this year and into 2019, along with "solid contract wins and a strong budget environment", Vafi is positive on ManTech's "steady revenue growth" and unlevered balance sheet model.
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