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Fly News Breaks for January 12, 2017
MSM
Jan 12, 2017 | 09:20 EDT
Stephens analyst Matt Duncan raised his price target for MSC Industrial to $116 from $102 after the company's Q1 sales and EPS results came in ahead of consensus estimates. The analyst is encouraged by sales trends and continues to believe MSC Industrial should benefit from a substantial amount of operating leverage in its model as sales begin to grow. He reiterates an Overweight rating on the shares.