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Fly News Breaks for October 7, 2016
TTEK
Oct 7, 2016 | 07:38 EDT
Boenning & Scattergood analyst Ryan Connors initiated Tetra Tech with an Outperform and a $50 price target. Connors said Tetra has a reputation as a premier player in its target verticals, and is benefiting from numerous growth drivers that should provide sustained top-line tailwinds. In addition, improved labor utilization provides the opportunity for margin expansion, setting the stage for bottom-line leverage, the analyst wrote.
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