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Fly News Breaks for May 2, 2019
KAI
May 2, 2019 | 08:26 EDT
As previously reported, Seaport Global analyst Walt Liptak downgraded Kadant to Neutral from Buy following the Q1 and guidance. The analyst said there was a slowdown in booking rates and sector uncertainty regarding capital spending prior to the Chinese fiber shortage as a result of the waste paper import ban. Liptak expects sector weakness to continue into 2020 noting weaker demand and new capacity additions.
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