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Fly News Breaks for December 26, 2018
MPX
Dec 26, 2018 | 08:59 EDT
As previously reported, B. Riley FBR analyst Eric Wold upgraded Marine Products to Neutral from Sell, contending that the stock now prices in a more appropriate multiple compared to recreational marine peers with the stock down nearly 30% from December 3. However, he added that investor uncertainty heading into the 2019 selling year has more than likely increased recently, which he sees as an overhang on the recreational marine companies as a group. Wold maintains a $16 price target on Marine Products shares.
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