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Echo Global earnings growth not reflected in valuation, says FBR Capital

FBR Capital says it has increased confidence in Echo Global's 2017 targets following the company's analyst day and that it would be an aggressive buyer of the stock at current levels. The firm sees compound earnings growth in the high-30% range over the next four years, which it feels is not adequately reflected in the current share price. FBR reiterates an Outperform rating on the stock with a $22 price target.