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Fly News Breaks for May 22, 2017
MSCC
May 22, 2017 | 07:55 EDT
RBC Capital analyst Mitch Steves says that the approximately $110B defense deal between the U.S. and Saudi arabia has "improved the long-term trajectory" of Microsemi's aerospace and defense business. The analyst thinks the deal could help enable the company's EPS to exceed $4 over the longer term. He keeps a Top Pick rating on the shares.
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