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Fly News Breaks for June 9, 2016
HMHC
Jun 9, 2016 | 08:01 EDT
Oppenheimer analyst Ian Zaffino says Houghton Mifflin remains an interesting investment opportunity, particularly as end-markets recover, free cash flow accelerates "meaningfully" and the company continues to return cash. Houghton Mifflin has captured wins in key states and is well positioned to capture additional adoptions, the analyst tells investors in a research note. Zaffino reiterates an Outperform rating and $33 price target on the shares.
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