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Fly News Breaks for March 13, 2019
MTRX
Mar 13, 2019 | 06:52 EDT
DA Davidson analyst William Newby initiated Matrix Service with a Neutral rating and a price target of $22, saying that after a substantial recovery in backlog profitability levels over the past 12 months, its shares have appreciated notably. Given the recent run and the uncertainty related to the larger projects ramping over the next four months, the analyst believes the stock warrants a neutral stance.
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