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Fly News Breaks for July 31, 2017
ECHO
Jul 31, 2017 | 10:01 EDT
Barrington analyst Kevin Steinke lowered his price target on Echo Global to $18 from $28, noting that its adjusted EPS in Q2 missed expectations amid an industry environment currently marked by aggressive pricing. Citing his belief Echo is well positioned to capitalize on an eventual rebound, he keeps an Outperform rating on the shares, though he acknowledges the timing of a market turnaround is uncertain.
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