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Fly News Breaks for February 9, 2018
CSS
Feb 9, 2018 | 06:09 EDT
DA Davidson analyst Linda Bolton Weiser downgraded CSS Industries to Neutral from Buy and lowered her price target to $24 from $31.50. Weiser notes that while Q3 EBITDA was close to expectations, that company also posted a 6% decline in organic sales, attributed in part to de-stocking by a major retailer. The analyst also lowers her FY18 organic sales projections to -6.4% vs. the prior expectation of an improvement from FY17's -4.5%.
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