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Fly News Breaks for September 18, 2017
ESIO
Sep 18, 2017 | 10:01 EDT
Lake Street analyst Jaeson Schmidt earlier today raised his price target for Electro Scientific Industries shares to $14.50 and reiterated a Buy rating on the name. After meeting with management, Schmidt believes the company's turnaround is on track and its order trends are strong. Some investors are still underestimating the potential earnings leverage in the model, even after the last two quarterly beats, the analyst told investors in a research note.
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