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Fly News Breaks for September 11, 2015
CSTE
Sep 11, 2015 | 07:29 EDT
After meeting with Caesarstone's CFO, Stifel predicts that the negative report about the company released by Spruce Point "will be discredited." As a result, Caesarstone's stock will rebound, the firm believes. Stifel expects the company's growth to rebound in 2H15 versus Q2 levels. It views the company as "one of the more compelling names in the building product space.," and keeps a $65 price target and Buy rating on the shares.
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