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Fly News Breaks for November 8, 2016
SNHY
Nov 8, 2016 | 08:04 EDT
Baird analyst Mig Dobre upgraded Sun Hydraulics to Outperform from Neutral following its announced acquisition of the Power Controls and Vehicle Technologies business of Enovation Controls. The acquisition appears to meaningfully upgrade the company's electrical controls and display capabilities while broadening end markets into consumer and military applications. Dobre raised his price target to $35 from $27 on Sun Hydraulics shares.
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