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Fly News Breaks for November 7, 2019
IPAR
Nov 7, 2019 | 07:23 EDT
DA Davidson analyst Linda Bolton Weiser downgraded Inter Parfums to Neutral from Buy with a price target of $82, up from $78 following the Q3 report. The analyst sees limited upside to his revised target, believes management may be conservative with 2020 guidance on November 20th, and sees multiple compression near-term as Q4 organic sales are expected to be +1% after double-digit growth in Q2 and Q3.
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