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Fly News Breaks for June 18, 2019
ROX
Jun 18, 2019 | 13:45 EDT
Barrington analyst Chris Howe reiterated an Outperform rating on Castle Brands, but lowered his price target on shares to $1.35 from $1.45, after the company reported Q4 earnings that outperformed on both EBITDA and revenue. Howe said the valuation remains attractive and he expects the company to benefit from "lower-cost acquired bourbon and new fill reaching four years of age" over the next twelve months.
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