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Fly News Breaks for May 18, 2016
CSTE
May 18, 2016 | 07:34 EDT
UBS said the current valuation of Caesarstone offers an attractive entry point to the stock. The firm met with management and came away reaffirming its positive outlook, citing its new product introductions and strong capital position, which should aid in growth. UBS reiterated its Buy rating and $50 price target on Caesarstone shares.
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