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WidePoint price target raised to $9 from $7 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on WidePoint (WYY) to $9 from $7 and keeps a Buy rating on the shares. The company’s $40.0M to $45.0M contract to deliver the FedRAMP-Authorized ITMS command center platform for a leading global telecom carrier should be margin-accretive, the analyst tells investors in a research note.

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