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Fly News Breaks for July 19, 2017
NX
Jul 19, 2017 | 07:14 EDT
Wedbush analyst Jay McCanless assumed coverage of Quanex with a $25 price target and an Outperform rating. The analyst predicts that the company's EBITDA will grow about 11% in fiscal 2018, driven by cost cutting and "rising demand for window accessories and cabinets." He expects the company's gross margins to expand in 2H17.
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