from Fosters
We initiate on Alexium with a BUY recommendation with a price target of
$1.10/share based on our EV/EBITDA valuation range of 13-15x FY16.
Catalysts for the stock will include ongoing contract wins in the commercial
sector, the inclusion in the US Army’s next generation FRACU program and
demonstration of quarterly revenue growth.
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- Daytrading March 30 Morning
Daytrading March 30 Morning, page-139
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