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Fly News Breaks for February 6, 2020
PAHC
Feb 6, 2020 | 05:07 EDT
Gabelli analyst Kevin Kedra downgraded Phibro Animal Health to Hold from Buy with a 2020 private market value of $30 per share. The analyst cites valuation for the downgrade following the favorable stock reaction to the company's Q2 earnings results. Phibro shares now trade at a 16% discount to his 2021 private market value of $33 per share, Kedra points out.
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