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Fly News Breaks for August 1, 2019
Aug 1, 2019 | 08:58 EDT
SunTrust analyst Michael Ciarmoli raised his price target on Aerojet Rocketdyne to $55 and kept his Buy rating after its Q2 earning beat, saying the "missile gold rush" is just starting. The analyst cites the company's all-time-high backlog and "strong" bookings growth along with the management's operational improvements that yielded 6.2% EBITDAP margins, up from the prior 11%-12% trend.
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