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Fly News Breaks for September 4, 2019
Sep 4, 2019 | 07:27 EDT
B. Riley FBR analyst Marc Wiesenberger initiated coverage of Orion Energy Systems with a Buy rating and $4 price target. The company's fiscal 2020 revenue is expected to be up more than two-times from fiscal 2019, Wiesenberger tells investors in a research note. He believes Orion is set to benefit from the secular shift toward energy-efficient LED lighting fixtures.
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