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Fly News Breaks for December 1, 2017
TITN
Dec 1, 2017 | 07:47 EDT
Baird analyst Mig Dobre raised his price target on Titan Machinery to $25 from $18 following Q3 results. The analyst sees concrete signs of a turnaround in demand for agricultural equipment along with improving margins. He believes the recovery is in the early innings with demand bouncing off of multi-decade lows and looks at Titan as an under-the-radar play on that theme. Dobre reiterated his Outperform rating on Titan Machinery shares.
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