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Fly News Breaks for January 12, 2018
MOG.A
Jan 12, 2018 | 07:02 EDT
As previously reported, Credit Suisse analyst Robert Spingarn downgraded Moog to Underperform from Neutral, noting that the company is not seeing growth on par with peers despite secular tailwinds in aftermarket volumes and its position on key programs, including the F-35. Moog's free cash flow conversion is already below peers and expected to drop, added the analyst, who maintains his $75 price target on the shares.
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