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Fly News Breaks for April 8, 2016
RECN
Apr 8, 2016 | 09:07 EDT
Baird expects Resources Connection to pull back moderately following mixed Q3 results, but the firm said any material pullback would be a buying opportunity. The firm reduced its estimates and its price target to reflect lower spending by financial services and a slower start to IFRS revenue recognition project work. Baird lowered its price target to $16 from $18 on Resources Connection shares but maintains an Outperform rating.
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