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Fly News Breaks for December 8, 2017
CSS
Dec 8, 2017 | 06:26 EDT
As reported earlier, DA Davidson analyst Linda Bolton Weiser initiated CSS Industries with a Buy rating and a price target of $31.50. Weiser says the company is rebounding from an "atypical" 30% EBITDA decline in FY17, forecasting growth of 12% in FY18 and 14% in FY19 after its acquisition of Simplicity. The analyst notes the stock trades at only 6.3-times FY20 EBITDA and offers a 3% dividend yield and free cash flow of at least $25M annually. Weiser adds that among 31 consumer product companies, CSS Industries ranks fourth in terms of valuation.
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