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Fly News Breaks for August 2, 2019
Aug 2, 2019 | 07:26 EDT
Craig-Hallum analyst Steven Dyer raised his price target for Spartan Motors to $20 from $15 and reiterated a Buy rating after the company reported another "strong" top line beat for the second quarter, driven by upside in its final mile products segment. In a research note to investors, Dyer says he has confidence in management's ability to execute, and a strong backlog provides good visibility into this ramp. Additionally, the analyst says he thinks the stock has significantly more room to the upside and sees a path to a $30+ stock over the next few years.
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