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Fly News Breaks for February 15, 2018
ACCO
Feb 15, 2018 | 10:32 EDT
Barrington analyst Kevin Steinke reiterated an Outperform rating and $16 price target on ACCO Brands after the company's Q4 results and guidance both came in ahead of expectations, and ACCO initiated a 6c per share quarterly dividend and authorized and additional $100M for share repurchases. Steinke believes ACCO will continue a "balanced approach to capital allocation that includes organic investments, debt reduction, acquisitions, dividends and share repurchases."
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