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Fly News Breaks for September 10, 2015
HDS
Sep 10, 2015 | 08:07 EDT
RBC Capital believes that HD Supply delivered a "high quality EPS beat," and solid overall Q2 results. The firm says it's not worried about the company's CEO deciding to also head its Facilities Management unit ,as the firm thinks the change reflects the company's smaller size following its sale of Power Solutions. RBC adds that, although the company reduced its margins guidance, its increase in its margins should still be "solid." RBC trimmed its price target on the name to $39 from $41 but keeps an Outperform rating on the shares.
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