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Fly News Breaks for December 18, 2018
PATK
Dec 18, 2018 | 07:28 EDT
Wells Fargo analyst Timothy Conder lowered his price target for Patrick Industries to $30 from $67 as fourteen of his nineteen Powersports Economic Indicators are decelerating, potentially confirming what he believes could be peak Powersport earnings in 2019. Further, the analyst believes forward multiples will generally be constrained to the lower quartile of historical ranges. He reiterates a Market Perform rating on the shares.
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