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Fly News Breaks for May 1, 2018
MOG.A
May 1, 2018 | 08:22 EDT
As previously reported, Credit Suisse analyst Robert Spingarn upgraded Moog to Neutral from Underperform saying that given the stock's recent weakness, its valuation has drifted down into "approachable" territory. And with the planned liquidation of the company's loss-making Wind business, the uptick in 2018 guidance, and pension contributions set to complete in 2018, the company is poised to enter a period of improved free cash flow generation beginning in 2019, he contends. The analyst also raised his price target on the shares to $85 from $82.
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