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Fly News Breaks for May 9, 2019
ADNT
May 9, 2019 | 07:59 EDT
As previously reported, Longbow analyst Anthony Deem downgraded Adient to Neutral from Buy, noting that the company's EBITDA improvement guidance for the second half disappointingly fell about $50M short of consensus. Noting the historical seasonality of higher second half margins at Adient, Deem added that he believes 2020 EBITDA expectations are high.
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