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Fly News Breaks for May 6, 2019
TTEK
May 6, 2019 | 08:30 EDT
Roth Capital analyst Gerry Sweeney raised his price target for Tetra Tech to $75 from $66 following quarterly results. The analyst notes that CIG margins were below target, but adds that these should improve substantially in the second half of 2019 driven by booked activity and run down of very low margin work in Canadian oil. State and Local could be the driver of upside versus guidance in the second half of the year, he contends. Sweeney reiterates a Buy rating on the shares.
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