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Fly News Breaks for May 29, 2015
GEF
May 29, 2015 | 07:40 EDT
After Greif preannounced roughly in-line Q2 results but cut its full-year EPS guidance on weakness in its North American business, Wells Fargo expects a significant portion of the company's headwinds to dissipate over the next 2-3 quarters. The firm still believes that the company can generate $175M-$200M of free cash flow by fiscal 2016 or fiscal 2017. Wells reiterates an Outperform rating.
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