- Raymond James upgrades Cubic (NYSE:CUB) from Outperform to Strong Buy with a price target of $82, implying a 37% upside.
- Earlier this month, Cubic reported Q2 beats with 21% Y/Y revenue growth. The upside FY19 outlook has revenue of $1.4B to $1.48B, which beats the $1.44B estimate at the midpoint, and EPS of $2.85 to $3.50 (consensus: $1.67).
- Cubic shares are flat pre-market at $59.64.