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Fly News Breaks for October 26, 2016
MINI
Oct 26, 2016 | 09:21 EDT
Following Mobile Mini's Q3 miss, Needham analyst Sean Hannan says he believes the internal sales productivity is within management's control for improvement in coming quarters, while the company's ERP implementation should soon be nearing an end as a drag to SG&A. Further, the analyst says that various metrics such as activations, pricing, and endmarket conditions remain positive across the majority of Mobile Mini's business. Hannan believes the shares appear to be oversold and reiterates a Buy rating on the stock. Nonetheless, he lowered his price target on the shares to $34 from $37.
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