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Fly News Breaks for November 9, 2016
ANDE
Nov 9, 2016 | 09:29 EDT
Stephens analyst Farha Aslam notes that Andersons' shares were off 5%-6% following the earnings miss and management's comment that "expectations have softened." However, the analyst would be a buyer on the pullback reflecting improving trends in agriculture. She looks for Andersons' shares to recover over the next 3 months as there is clarity regarding the earnings potential of Grain. Aslam reiterates an Overweight rating and $42 price target on the shares.
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