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Fly News Breaks for April 3, 2018
FSI
Apr 3, 2018 | 12:31 EDT
Greenridge Global analyst William Gregozeski lowered his price target for Flexible Solutions to $1.00 saying the company in Q4 saw a decline in shipments to its two largest customers, both of whom are oilfield customers. Management on the conference call refused to give any commentary as to whether these were planned, temporary shutdowns by the customers or even if Flexible Solutions is still shipping to either customer at all, Gregozeski tells investors in a post-earnings research note. He keeps a Sell rating on the shares.
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