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Fly News Breaks for May 4, 2018
CFX
May 4, 2018 | 07:30 EDT
As reported earlier, RBC Capital analyst Seth Weber downgraded Colfax to Sector Perform from Outperform and lowered his price target to $35 from $43. Weber attributes his cautious view to material inflation in the A&GH segment, pressuring continued expansion in margins and organic revenue growth. The analyst adds that the valuation on the stock has reached a "historical premium".
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