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Fly News Breaks for June 4, 2019
LXFR
Jun 4, 2019 | 07:18 EDT
As previously reported, KeyBanc analyst Philip Gibbs downgraded Luxfer to Sector Weight from Overweight for slowing revenue growth momentum in Elektron, more capex intensive restructuring, and fading positive technical tailwinds from likely Russell Index inclusion in mid-2019. While the analyst still sees long-term potential for shares over $30, he sees a lack of near-term catalysts.
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