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Fly News Breaks for July 26, 2018
GRA
Jul 26, 2018 | 21:09 EDT
Loop Capital analyst Chris Kapsch raised his price target on W.R. Grace to $89 and kept his Buy rating after its Q2 earnings beat, saying the positive results are a "harbinger" of things to come. The analyst notes that the volume trends and margin variances in the company's reporting segments are also positive, while the price/mix trends in Catalysts are expected to further improve. Given the possibility of "strategic developments such as additional M&A", Kapsch recommends that investors buy the stock.
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