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Fly News Breaks for November 1, 2018
THR
Nov 1, 2018 | 07:14 EDT
As reported earlier, SunTrust analyst Charles Brady upgraded Thermon Group to Buy from Hold and also raised his price target to $28 from $26. The analyst says that the weaker gross margins in Q2 were likely "flushed out", positioning the company to achieve its FY19 growth target thanks to mostly robust end markets. Brady adds that Thermon Group's "improving balance sheet" may set it up for further capital deployment.
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