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Fly News Breaks for April 18, 2019
LWSOF
Apr 18, 2019 | 08:50 EDT
Jefferies analyst Michael Jon Allen double downgraded Lawson to Underperform from Buy and lowered his price target for the shares to 4,100 yen from 7,900 yen. The analyst says the company's dividend cut is "devastating" to his long-term thesis.
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