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Fly News Breaks for September 12, 2017
EFII
Sep 12, 2017 | 04:57 EDT
Citi analyst Jim Suva views the pullback in Electronics for Imaging shares since the company announced a material weakness in internal controls on August 3 as a buying opportunity. The company last night announced it will not need financial restatements. While an embarrassment to the company, fundamentally nothing has changed, Suva tells investors in a research note. He believes the selloff "presents an attractive opportunity" and keeps a Buy rating on Electronics for Imaging with a $53 price target.
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