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Fly News Breaks for January 17, 2017
MSM
Jan 17, 2017 | 07:05 EDT
As previously reported, Credit Suisse analyst Andrew Buscaglia upgraded MSC Industrial to Neutral from Underperform, with a $92 price target, following its Q1 report showing green shoots of a recovery. The analyst notes he missed the run with MSC Industrial as he had not anticipated the post-election sentiment shift and signs of a recovery transpiring this soon, and also did not foresee investors looking past 2017 which will still be a tough year.
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