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Fly News Breaks for March 15, 2019
NNBR
Mar 15, 2019 | 08:17 EDT
Baird analyst Mircea Dobre maintained a Neutral rating on NN, Inc., but lowered his price target on shares to $9 from $11, citing slower deleveraging. The analyst noted that "2019 free-cash-flow guidance of only 5% of sales reflects multiple cash expense drags," and added that he need to see "improved cash generation, tangible deleveraging progress and operating momentum to get more aggressive."
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