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Fly News Breaks for June 28, 2019
FC
Jun 28, 2019 | 08:03 EDT
B. Riley FBR analyst Zach Cummins raised his price target for Franklin Covey to $42.50 from $35 following the company's fiscal Q3 results and keeps a Buy rating on the shares. Franklin Covey's revenue and adjusted EBITDA exceeded estimates or the third consecutive quarter, Cummins tells investors in a research note. The analyst believes the company remains well positioned to exceed Street expectations in the coming quarters given the momentum in its business.
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