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Fly News Breaks for December 21, 2018
MSA
Dec 21, 2018 | 08:20 EDT
As reported previously, Baird analyst Richard Eastman downgraded MSA Safety to Neutral from Outperform. The analyst sees a moderating sales/profit growth environment through calendar year 2020. He also cited risk to its elevated valuation given near-term sentiment indicators along with documented deceleration in key international economic regions, hawkish monetary policy, and trade protectionism, which are accelerating a recession sentiment. Eastman lowered his price target to $98 from $107 on MSA Safety shares.
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