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Fly News Breaks for October 2, 2017
MG
Oct 2, 2017 | 09:16 EDT
As previously reported, Baird analyst Andrew Wittmann downgraded Mistras to Neutral from Outperform based on valuation. The analyst said its valuation is full and he sees a more balanced risk/reward against consensus estimates, which he believes accurately capture any anticipated business recovery. He said on a pullback he will re-examine his rating. Wittmann raised his price target to $22 from $21 on Mistras shares.
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