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Fly News Breaks for September 30, 2016
KNL
Sep 30, 2016 | 06:23 EDT
Raymond James analyst Budd Bugatch downgraded Knoll to Market Perform to reflect the reports from office furniture manufacturers and residential furniture retailers that indicate business activity slowed in July and only modestly recovered in August and September. The analyst recommends staying on the sidelines until there is evidence the industry has not entered into a period of declining orders and sales.
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