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Fly News Breaks for June 4, 2018
EDR
Jun 4, 2018 | 09:23 EDT
As previously reported, Evercore ISI double upgraded EdR to Outperform from Underperform and increased its price target to $42 from $34. Analyst Steve Sakwa said he is not surprised by reports discussing EdR is exploring a potential sale of the company given the poor stock performance over the past 12-18 months and operational challenges. Sakwa believes the odds of a deal are "high" and views downside risk as limited, even without a deal.
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