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Fly News Breaks for March 15, 2017
HDS
Mar 15, 2017 | 07:28 EDT
Wells Fargo believes that HD Supply reported "strong" Q4 results. The firm blames the stock's 3.9% decline partly on the slowdown in the company's sales growth in Q1. However, Wells continues to believe that the company has "multiple long-term catalysts and margin improvement opportunities." It continues to identify the stock as its top pick in the distribution space and keeps an Outperform rating on the shares.
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