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Fly News Breaks for July 30, 2015
HDS
Jul 30, 2015 | 07:24 EDT
As noted earlier, RBC Capital upgraded HD Supply to Outperform from Sector Perform. The firm thinks that the company has a number of positive catalysts, including the equity sponsor exits, the timely divestiture of its Power Solutions unit, and the coming acceleration of its deleveraging. The firm adds that the company is defensive, with no direct oil and little forex exposure. Target $41.
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