Cubic Announces Preliminary Fiscal Year 2016 Results
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Needham & Company Cuts Price Target on Cubic Corp. (CUB) Following Negative 4Q Preannouncement
October 13, 2016 11:53 AM EDTNeedham & Company maintained a Buy rating on Cubic Corp. (NYSE: CUB), and cut the price target to $45.00 (from $48.00), following the company's 4Q preannouncement. Revenues are expected to be 15-20% below prior expectations, with an impact on adjusted EBITDA. CUB's revised guidance implies FQ4 revenues of $380M-$400M and... More
