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Fly News Breaks for March 16, 2018
REV
Mar 16, 2018 | 12:11 EDT
Jefferies analyst Stephanie Wissink says her fundamental thesis remains unchanged on Revlon following last night's Q4 results. Fundamental trends in Revlon's lead markets continue to weaken, costs to compete are rising, and the profit recovery continues to be delayed, Wissink writes in a post-earnings research. She expects merger synergies will benefit the model, but notes assumptions around core brand reinvestment continue to move higher. The analyst keeps a Hold rating on Revlon with a $20 price target.
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