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Fly News Breaks for November 28, 2016
ROG
Nov 28, 2016 | 08:56 EDT
Needham analyst Sean Hannan says the acquisition of DeWal appears to be further execution of the Rogers Corporation's strategy that should enhance the product portfolio value proposition. Looking forward to 2017, the analyst expects positive tailwinds with respect to organic growth, further boosted by DeWal's contribution through the top line and EPS accretion. He reiterates a Buy rating on Rogers Corporation's stock and raises his price target on the shares to $79 from $75.
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