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Fly News Breaks for June 22, 2016
UIS
Jun 22, 2016 | 07:19 EDT
SunTrust analyst Frank Atkins initiated Unisys with a Buy and a $11 price target. The analyst said new management is refocusing the business to drive bookings and growth on the services side and stabilize declines on the Technology side. Atkins expects topline growth as well as improvement in margins should drive multiple expansion and notes the balance sheet has been restored, given it some room for investments.
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