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Fly News Breaks for September 11, 2019
HDS
Sep 11, 2019 | 08:22 EDT
As previously reported, Buckingham analyst Robert Barry downgraded HD Supply to Neutral from Buy following the company's Q2 report, stating that he now has less confidence in the company's potential for growth and in the ability of "priority markets", where the firm's construction business is focused, to outperform the broader non-residential market. He lowered his FY19 and FY20 EBITDA estimates and lowered his price target on HD Supply shares to $40 from $44.
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