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Fly News Breaks for February 12, 2019
LABL
Feb 12, 2019 | 11:04 EDT
As previously reported, KeyBanc analyst Adam Josephson upgraded Multi-Color to Sector Weight from Underweight in light of today's stock weakness, which is the result of yet another poor quarter. The analyst thinks upside and downside risks are roughly comparable at this point as he continues to think a deal is more likely than no deal, and thinks a deal at about $45 is possible, while in the case of no deal the shares could fall to the $40 range.
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