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Fly News Breaks for November 18, 2019
GRA
Nov 18, 2019 | 05:13 EDT
Goldman Sachs analyst Robert Koort upgraded W.R. Grace to Buy from Neutral with an unchanged price target of $83. The analyst says W.R. Grace is among the minority of companies in his coverage universe that will likely grow earnings on a year-over-year basis in 2019. Despite this "defensive performance"in light of a challenging macroeconomic backdrop, the shares are little changed for the year and have meaningfully underperformed defensively-oriented peers, Koort tells investors in a research note. He believes one-time issues have obscured W.R. Grace's earnings stability.
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