Fly News Breaks for March 9, 2015
UTIW
Mar 9, 2015 | 07:14 EDT
FBR Capital upgraded UTi Worldwide to Outperform from Market Perform and raised its price target for shares to $19 from $11. FBR says that after years of restructuring, UTi is "finally poised to break out" and meet its $190M�$200M FY16 EBITDA target. It also believes the company's balance sheet is in its best shape in a decade.
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