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Fly News Breaks for December 11, 2015
KMG
Dec 11, 2015 | 08:24 EDT
Seaport Global analyst Michael Harrison upgraded KMG Chemicals to Buy citing the better than expected Q1 report and valuation. Harrison said KMG is benefiting from volume growth, lower raw material and freight costs, and completion of recent restructuring efforts. The analyst said valuation gives little credit for current earnings power or further value creation through M&A. Harrison maintained is $26 price target on KMG Chemicals shares.
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