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Orbital Sciences Gets Lift On Space Station Extension

Orbital Sciences (ORB), which is scheduled for a rocket launch Thursday, will benefit from plans to extend funding for the international space station, prodding an analyst at FBR Research to raise his price target on the stock. FBR’s Patrick McCarthy raised his target to 35 from 30. Orbital Sciences stock was up 1.3%, near 24, in early afternoon trading in the stock market today. The stock is up 28% since Sept. 13, just prior to a successful