Deutsche Bank Upgrades LMI Aerospace (LMIA) to Buy; Recent Dip Offers Compelling Opportunity

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Deutsche Bank upgraded LMI Aerospace (NASDAQ: LMIA) from Hold to Buy with a price target of $24.00.

Deutsche analyst said, "With about 70% of sales to commercial aerospace, we see LMI as one of the best-positioned “below the radar” names to benefit from an increase in OEM sales. We view the stock's recent underperformance [down 17% in past 3mo vs. -2% for S&P] as a compelling valuation opportunity."

For an analyst ratings summary and ratings history on LMI Aerospace click here. For more ratings news on LMI Aerospace click here.

Shares of LMI Aerospace closed at $16.21 yesterday, with a 52 week range of $14.97-$25.00.

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