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Fly News Breaks for September 12, 2019
Sep 12, 2019 | 07:49 EDT
As previously reported, KeyBanc analyst Steve Barger upgraded Kaman to Overweight from Sector Weight with a price target of $72 following meetings with management. The analyst believes Kaman will take a disciplined approach in deploying its substantial cash balance toward acquiring highly engineered products in attractive end markets, primarily aerospace. He also expects targets to be accretive to margin, EPS, and free cash flow, which should support or expand Kaman's valuation multiple.
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