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Fly News Breaks for June 16, 2017
CALM
Jun 16, 2017 | 05:21 EDT
Goldman Sachs analyst Adam Samuelson downgraded Cal-Maine Foods to Sell and lowered his price target for the shares to $31 from $35. Many investors are underappreciating the near-term over-supply trends in the egg industry, Samuelson tells investors in a research note. Consensus estimates are reflecting large pricing gains that are unlikely to materialize, the analyst adds.
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