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Fly News Breaks for March 24, 2017
RIBT
Mar 24, 2017 | 08:07 EDT
Maxim analyst Anthony Vendetti downgraded RiceBran to Hold from Buy, saying he believes the company improved its financial position through a private placement and debt restructuring, but its Q4 results were lower than expected and there is uncertainty regarding its Brazil operations. The analyst also sees risk of RiceBran's shares being delisted from the Nasdaq.
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