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Fly News Breaks for November 11, 2019
KOP
Nov 11, 2019 | 10:14 EDT
Barrington analyst Chris Howe raised his price target on Koppers Holdings shares to $50 from $35 after the company's Q3 profit beat expectations, telling investors that expects improvement in the company's margins from here as Koppers executes on its strategic plans. He also believes using cash to reduce leverage will "increase the company's investor appeal and warrant a higher multiple," noted Howe, who keeps an Outperform rating on Koppers shares.
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