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Fly News Breaks for October 15, 2019
GRA
Oct 15, 2019 | 16:36 EDT
Wells Fargo analyst Michael Sison initiated coverage of W.R. Grace with a Market Perform rating and $72 price target. While Grace is one of the highest quality chemical companies in the sector, the company is seeing a number of one-time events that will mute its near-term earnings growth, Sison tells investors in a research note. The analyst does not see a fundamental catalyst to drive multiple expansion from current share levels.
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