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Fly News Breaks for May 4, 2018
GPX
May 4, 2018 | 13:40 EDT
Barrington analyst Alexander Paris Jr. said he remains optimistic about the recent changes in management and corporate structure implemented by GP Strategies, though he notes its reorganization and restructuring activities are having a near-term transitional effect on its financial results. Following the company's Q1 report and call, he lowered his FY18 revenue and EPS estimates and cut his price target on the stock to $25 from $30, but he maintains an Outperform rating on GP Strategies shares.
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