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Fly News Breaks for December 18, 2017
NX
Dec 18, 2017 | 07:05 EDT
Wedbush analyst Jay McCanless downgraded Quanex to Neutral from Outperform, with a $24 price target, as he does not see a new catalyst on the horizon. Further, the analyst believes cost pressures in titanium dioxide and silica may restrain profit margin growth above management's expectations during FY18.
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