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Fly News Breaks for January 31, 2018
MDP
Jan 31, 2018 | 06:30 EDT
Gabelli analyst Barry Lucas upgraded Meredith (MDP) to Buy from Hold based on conviction management will be able to extract $400M-$500M of synergies from the Time Inc acquisition. The analyst notes there are risks to the upgrade including secular challenges in magazine publishing and increased leverage.
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