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Fly News Breaks for November 14, 2017
IOSP
Nov 14, 2017 | 08:39 EDT
Johnson Rice analyst Sean Milligan upgraded Innospec to Accumulate and raised its price target to $84 from $65 following the Q3 report. The analyst said Innospec reported stronger-than-expected free-cash-flow generation and improving operating results in Performance Chemicals. Milligan believes the multiple with expand as free-cash-flow continues to improve and would use pullbacks to create new positions.
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