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Fly News Breaks for June 10, 2019
Jun 10, 2019 | 13:01 EDT
Lake Street analyst Jaeson Schmidt reiterated a Buy rating and $6 price target on Emcore, and raised his FY19 and FY20 estimates on the stock, as a result of the company's acquisition of Squadron Donner Inertial for $25.8M. Schmidt added that he believes investors may be underestimating the impact of the acquisition, as he sees it helping to drive improving earnings leverage.
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