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Fly News Breaks for May 8, 2019
ACCO
May 8, 2019 | 14:28 EDT
Barrington analyst Kevin Steinke reiterated an Outperform rating and $11 price target on ACCO Brands after the company reported Q1 results ahead of the firm's estimate, as well as reiterating its FY19 guidance, with management saying that its Q1 results have increased its confidence in the FY19 guidance. Steinke also noted that the "midpoint of 2019 guidance represents an attractive free cash flow yield of 19%" based on ACCO Brands most recent closing stock price.
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