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Fly News Breaks for September 28, 2015
CSTE
Sep 28, 2015 | 13:57 EDT
Stifel said the resignation of a Caesarstone board member does not signify any disagreement in the strategic direction or lack of confidence in the management team. The firm said there was some issue over the CEO's stock compensation but is not a sign that the company is lacking integrity or some greater issue. Stifel rates Caesarstone a Buy with a 65 price target on shares.
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