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Fly News Breaks for November 14, 2018
MOG.A
Nov 14, 2018 | 06:18 EDT
BofA/Merrill analyst Kristine Liwag upgraded Moog to Buy from Underperform and raised its price target to $94 from $75 following the strong Q4 report with healthy top-line growth. Liwag said Moog is benefiting from the ramp in commercial and military OEM production ramps and the company said it saw margin stabilization. The analyst was previously concerned about operational issues but views the decision to exit the wind pitch control business as a positive.
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