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Fly News Breaks for February 13, 2019
NP
Feb 13, 2019 | 09:08 EDT
DA Davidson analyst Steven Chercover lowered his price target on Neenah Paper to $77 and kept his Neutral rating, saying its "soft" Q4 results have completed a "challenging" 2018 as input cost inflation cut into the company's operating profits. The analyst notes that while the management is confident in generating positive pricing momentum in 2019, he expects that it will "take some time before EBITDA margins bounce back to the mid-teen levels posted in recent years."
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