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Fly News Breaks for October 13, 2017
Oct 13, 2017 | 08:02 EDT
Craig-Hallum analyst Steven Dyer raised his price target on Spartan Motors to $20 following the company's analyst day yesterday, saying its "ambitious" 2020 targets imply a 13% annual revenue growth and more than a tripling of earnings. Dyer says the recent USPS contract and operational improvements justify the higher price target given the management's "excellent" execution track record. The analyst kept his Buy rating on the stock.
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