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News Breaks | | | | February 21, 2013 | | 07:54 EDT |  | NEWP | Newport fundamentals bottoming, says Stifel Nicolaus
After Newport reported slightly lower than expected Q4 revenue but its Q4 pro-forma EPS surpassed expectations, Stifel thinks the company's product portfolio is strong while the sentiment of its customers is improving. The firm expects the company to have meaningful operating leverage over the long term and it maintains a Buy rating. | |
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