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Fly News Breaks for January 4, 2018
MSM
Jan 4, 2018 | 07:18 EDT
As previously reported, Raymond James downgraded MSC Industrial to Outperform from Strong Buy and raised its price target to $105 from $95 ahead of the January 10 earnings report. Analyst Sam Darkatsh said recent shares gains appear to be driven by tax reform, but further outperformance will rely on earnings beats and/or maintaining the current above-historical average multiple.
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