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Fly News Breaks for May 1, 2019
MTX
May 1, 2019 | 04:56 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Minerals Technologies to Neutral from Overweight with an unchanged price target of $65. The analyst cites valuation for the downgrade following the stock's outperformance year-to-date. He believes a "wait and see" approach is now warranted with respect to the shares.
News For MTX From the Last 2 Days
MTX
Apr 25, 2024 | 17:05 EDT
Reports Q1 revenue $534.5M, consensus $545.55M. "We had a strong start to the year and delivered another record quarter. Growth in higher margin products and a strong operating performance across the company led to record operating income for MTI. This quarter demonstrates the power of our new organization, focused strategy, and robust business model. We continue to execute on our strategy and are on track to achieve our long-term growth and profitability targets," said Douglas Dietrich, Chairman and Chief Executive Officer.
