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Fly News Breaks for February 7, 2019
GRA
Feb 7, 2019 | 15:43 EDT
Loop Capital analyst Chris Kapsch continues to like the set-up for W.R. Grace, and expects the stock to continue to perform relatively well as 2019 further ensues. The analyst notes that results for Q4 were "solid," with the company beating consensus expectations by 10c per share, despite a 350bp year over year degradation in Catalyst segment gross margins. With several fundamental considerations working in the company's favor, Kapsch continues to recommend W.R. Grace's shares. The analyst reiterates a Buy rating and $89 price target on the stock.
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