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Fly News Breaks for August 23, 2018
RRD, QUAD
Aug 23, 2018 | 09:19 EDT
Buckingham analyst James Clement reiterates a Buy rating and $28 price target on Quad/Graphics (QUAD) shares. The analyst suggests investors take another look at the stock, which had the best relative 1H18 of anyone in the Print/Graphics space, in his opinion. Peer R.R. Donnelley (RRD) cut its dividend by 78% the day after Quad/Graphics reported better than expect Q2 revenue and earnings, taking the "proverbial wind" out of the latter's sails and has presented the market with a "compelling buying opportunity" for one of his top value picks.
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