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Fly News Breaks for November 5, 2015
FC
Nov 5, 2015 | 11:41 EDT
Barrington analyst Alexander Paris Jr. said that Franklin Covey's Q4 revenue miss was disappointing, but also noted it was largely due to foreign exchange impacts. The analyst said the company's pipeline of large contracts is increasing and he's "somewhat optimistic" that the company can hit its FY16 adjusted EBITDA guidance. The analyst, who keeps on Outperform rating and $20 price target on Franklin Covey, recommends buying the stock on its post-earnings weakness.
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