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Fly News Breaks for May 1, 2019
MLHR
May 1, 2019 | 09:16 EDT
As previously reported, Sidoti analyst Gregory Burns downgraded Herman Miller to Neutral from Buy, citing valuation with the stock now trading near his unchanged price target of $41. Investments in the Consumer segment are driving solid revenue growth, but margin expansion is lagging, said Burns, who acknowledges the potential for upside if the company is able to execute. However, he thinks headwinds will persist, at least in the near-term, he tells investors.
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