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Fly News Breaks for August 15, 2018
KRA
Aug 15, 2018 | 09:26 EDT
Loop Capital analyst Chris Kapsch kept his Buy rating and $76 price target on Kraton after holding meetings with its management, saying the company's fundamentals remain "favorably intact", and the company is on track with multi-year debt reduction targets. The analyst adds that as the deleveraging process continues, one can "easily see $150M to $200M+ in annual free cash flow generation" devoted to reducing debt, which should translate to annual share price appreciation of $5-$6.
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