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Fly News Breaks for June 14, 2018
RNET
Jun 14, 2018 | 08:10 EDT
As noted earlier, Maxim analyst Allen Klee initiated RigNet with a Buy rating and a price target of $19. Klee cites the company's transition to value-added and faster growing offerings as well as improved profitability int its construction segment that should produce better "quality" EPS. The analyst also points to the company gaining market share in the recovering energy markets and its insulated competitive positioning, with "mostly recurring revenue", expense controls, and a conservative balance sheet.
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