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Fly News Breaks for December 11, 2019
HDS
Dec 11, 2019 | 08:21 EDT
RBC Capital analyst Deane Dray lowered his price target on HD Supply to $41 and kept his Sector Perform rating, saying that while the company's Q3 results were in-line with its pre-announcement last month, the management commentary on "flattish" non-residential end markets sounded worse. The analyst believes that there is "no compelling reason" to turn more positive on HD Supply stock, with additional signals calling for continued gross margin pressure.
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