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Fly News Breaks for May 31, 2016
ISLE
May 31, 2016 | 08:15 EDT
As previously reported, Telsey Advisory downgraded Isle of Capri to Market Perform from Outperform. Analyst David Katz said the rating changed is based on comparatively lower organic revenue growth, an unlikely transformative REIT transaction, and decelerating cost cutting. The analyst lowered his price target on shares to $18 from $19.
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