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Fly News Breaks for May 11, 2016
AKRX
May 11, 2016 | 07:23 EDT
After Akron's stock jumped 20% following the company's refiling of results and reaffirmation of its guidance, RBC Capital notes that the stock's valuation is still below the peer average. As a result, the firm thinks that the stock could rise further. RBC indicates that it believes that the company has attributes, including low debt and "an attractive assets base," that could be appealing to potential acquirers. RBC keeps a $37 price target and Outperform rating on the shares.
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