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Fly News Breaks for October 25, 2019
LAWS
Oct 25, 2019 | 14:22 EDT
Barrington analyst Kevin Steinke maintained an Outperform rating on Lawson Products, and raised his price target on shares to $52 from $44 following the company's Q3 earnings report. The analyst noted that Lawson beat its Q3 EBITDA estimate and its Q3 sales estimate. Following the "continued strong results," Steinke raised his 2019 adjusted EBITDA estimate, 2020 adjusted EBITDA estimate, and the EV/NTM EBITDA multiple assumption for his price target to 12x from 11x.
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