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Fly News Breaks for June 23, 2017
MEI
Jun 23, 2017 | 07:54 EDT
Baird analyst David Leiker said he remains a buyer of Methode Electronics (MEI) following Q3 results. He said concerns surrounding its biggest contract - full-size pickups/SUVs at General Motors (GM) - is unwarranted and he has increased confidence in the out-year revenue growth as the fundamental story remains favorable for multiple years. Leiker reiterated its Outperform rating and raised his price target to $48 from $47 on Methode Electronics shares.
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