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Fly News Breaks for May 4, 2016
AVD
May 4, 2016 | 11:03 EDT
As previously reported, Roth Capital downgraded American Vanguard to Neutral from Buy and lowered its price target to $14.50 from $19. Analyst Joe Reagor said Q1 results came in below expectations and was more concerned on how management made an effort to downplay the potential impact of the Zika virus potential of revenue. Reagor believes, near-term, shares could see significant selling pressure due to a rotation out of the company by investors who were invested as a play on the Zika virus.
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