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Fly News Breaks for May 6, 2016
MTRX
May 6, 2016 | 07:45 EDT
Avondale analyst Daniel Mannes upgraded Matrix Service to Outperform due to valuation and cut its price target to $20 from $22. The analyst does not see an immediate catalysts but views shares as inexpensive with leverage to a recovery in commodities, optionality on contract wins, a strong current backlog position, and M&A exposure.
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