Fly News Breaks for February 7, 2020
Feb 7, 2020 | 09:10 EDT
B. Riley FBR analyst Dave Kang raised his price target for Emcore to $5.80 from $4.70 saying significant margin expansion drove an earnings beat in fiscal Q1. The results clearly demonstrate that the company's turnaround strategy is working, Kang tells investors in a research note. He reiterates a Buy rating on Emcore shares.
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