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Fly News Breaks for July 8, 2019
ORN
Jul 8, 2019 | 08:22 EDT
B. Riley FBR analyst Alex Rygiel upgraded Orion Group to Buy from Neutral and raised his price target for the shares to $5 from $4. The recent weakness in the shares, partly due to deletion from the Russell 2000 index, was overdone, Rygiel tells investors in a research note. He believes Orion's turnaround is in process, "strong" new awards in Q2 provides the foundation for a financial rebound, and that the shares are attractively valued at current levels.
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