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Fly News Breaks for October 22, 2018
XELA
Oct 22, 2018 | 07:34 EDT
Morgan Stanley analyst Brian Essex initiated Exela Technologies with an Overweight rating and $9 price target, stating that the company has established itself as a strong competitor in Business Process Outsourcing that he estimates has been growing at almost twice the rate of the market overall. He sees a pathway for margins in the 20%s with incremental execution and scale, Essex added.
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