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Fly News Breaks for March 8, 2019
Mar 8, 2019 | 09:08 EDT
Craig-Hallum analyst Steve Dyer upgraded Methode Electronics to Buy from Hold and raised his price target to $42 from $25 following the company's Q3 results. In a research note to investors, Dyer says he believes the company is at an inflection point with visibility to reaccelerating organic revenue growth, margin expansion and more than 20% profitability growth. He believes investors and the Street are asleep on the name and there is a great opportunity to buy shares ahead of this dynamic inflection.
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