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Fly News Breaks for March 31, 2017
SSNI
Mar 31, 2017 | 07:18 EDT
Oppenheimer analyst Noah Kaye notes that following their recent selloff, Silver Spring's shares are trading near historical lows on an EV/backlog basis. The analyst says near-term risk/reward looks compelling with regulatory issues unlikely to impact 2017 estimates and with multiple potential catalysts looming. Kaye views Silver Spring as a top idea within his coverage, and reiterates an Outperform rating and $17 price target on the shares.
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