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Fly News Breaks for March 20, 2018
SRI
Mar 20, 2018 | 06:08 EDT
Stephens analyst Justin Long upgraded Stoneridge to Overweight and raised his price target for the shares to $32 from $26. Stoneridge is "under-followed" and has successfully transformed into a "high quality global vehicle company," Long tells investors in a research note. The analyst sees double-digit annual earnings growth through 2022 with "very strong" free cash flow generation.
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