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Fly News Breaks for December 6, 2016
ROCK
Dec 6, 2016 | 08:05 EDT
Wedbush analyst Al Kaschalk raised Gibraltar Industries' price target to $52 from $45 following last week's announcement to exit its unprofitable bar grating business and European solar business, which he views as another major step forward. The analyst expects improved free cash flow generation to fund growth investments, including organic and inorganic growth opportunities for restructured legacy platforms and said CY17 growth catalysts remain favorable. Kaschalk rates Gibraltar an Outperform.
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