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Fly News Breaks for November 9, 2018
NNBR
Nov 9, 2018 | 07:17 EDT
KeyBanc analyst Steve Barger maintained an Overweight rating on NN, Inc, but lowered his price target to $20 from $28. In a research note to investors, Barger says he is not capitulating on his rating as his thesis was based on the strength of the strategic vision, the quality of the assets and a belief that management can deliver on clearly defined and achievable targets. Though he still has faith in the first two points, Barger admits it is harder to reconcile the third with the updated model.
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