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Fly News Breaks for February 21, 2018
GEF
Feb 21, 2018 | 07:09 EDT
Wells Fargo analyst Christopher Manuel believes Greif's stock offers 5%-10% upside over the next two weeks due to multiple upside drivers, resulting in its FY2018 free cash flow coming above the high-end of current guidance. In addition, the analyst notes that short interest has migrated higher over the past four months, resulting in a potential short squeeze around the Q1 earnings report. He reiterates an Outperform rating and $70 price target on the shares.
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