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Fly News Breaks for February 3, 2017
TTEK
Feb 3, 2017 | 08:46 EDT
Roth Capital analyst Gerry Sweeney notes that Tetra Tech reported results which exceeded top and bottom line estimates, and saw broad based strength across much of its end markets. However, RME margins were below estimates as high margin oil and gas programs continue to see significant headwinds, which likely caused concern and the 5% selloff, he adds. The analyst views this as an opportunity, and reiterates a Buy rating and $49 price target on the shares.
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