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Fly News Breaks for February 14, 2019
LABL
Feb 14, 2019 | 09:40 EDT
BMO Capital analyst Mark Wilde lowered his price target on Multi-Colo to $46 and kept his Market Perform rating after its Q3 earnings miss, reduced FY19 guidance, and announcement of considered strategic alternatives that include a sale. The analyst adds that speculation regarding a 10- to 11-times earnings takeout multiples "seem optimistic", noting that a multiple of 8.0- to 8.5-times is "more prudent".
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