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Fly News Breaks for October 15, 2019
LCUT
Oct 15, 2019 | 16:58 EDT
DA Davidson analyst Linda Bolton Weiser initiated coverage of Lifetime Brands with a Neutral rating and $9 price target. The analyst said the company is set to "integrate the March 2018 Filament acquisition and rapidly deleverage the balance sheet," which she believes could result in 25% or greater EPS growth in 2020 and 2021. However, Bolton Weiser is neutral based on disappointing Q2 organic sales, end-market softness, and Brexit and tariff uncertainty.
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