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Fly News Breaks for July 12, 2018
MSM
Jul 12, 2018 | 07:29 EDT
BMO Capital analyst R. Scott Graham lowered his price target on MSC Industrial to $92 and kept his Market Perform rating, saying that in spite of improving organic margins, sales growth remains below market rate amid "disruptive internal sales force training and choppy pricing". Graham adds that the management's decisions on sales strategies raise questions at a time when the maintenance, repair, and operations market is strong.
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