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Craig-Hallum bullish on Innovative Aerosystems, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Innovative Aerosystems (ISSC) with a Buy rating and $16 price target The firm says that a positive industry backdrop and contribution from new products should make this a strong grower over the next 3-5 years, as management aspires to triple revenue. Craig-Hallum sees “multi-bagger potential” for the stock overtime.

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