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Fly News Breaks for February 8, 2019
ADNT
Feb 8, 2019 | 07:17 EDT
UBS analyst Colin Langan noted Adient reported earnings that were in-line with their pre-announcement with guidance commentary that was likely below expectations. The analyst also believes liquidity concerns are pressuring the stock, but he said management announced an amendment to its credit facility and it has other liquidity opportunities with its undrawn revolver. Langan reiterated his Buy rating and lowered his price target to $23 from $25 on Adient shares.
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