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Fly News Breaks for February 15, 2019
B
Feb 15, 2019 | 06:09 EDT
UBS analyst Myles Walton downgraded Barnes Group to Neutral and lowered his price target for the shares to $65 from $72. The analyst reduced his estimates to reflect lower margin assumptions in the company's Industrial business. His downgrade reflects a more tempered outlook for Barnes' industrial growth/aftermarket segment.
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