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Fly News Breaks for February 9, 2017
GRA
Feb 9, 2017 | 08:58 EDT
Baird analyst Ben Kallo raised his estimates and EBITDA forecast for W.R.Grace following its Q4 results and better than expected guidance. He believes the guidance de-risked the stock and was strong enough to attract incremental buyers. The analyst said Grace is well positioned for EBITDA growth in 2017 and likes its Catalyst business. Kallo reiterated his Outperform rating and $85 price target on W.R. Grace shares.
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