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Fly News Breaks for October 8, 2018
RPM
Oct 8, 2018 | 09:23 EDT
Morgan Stanley analyst Vincent Andrews said he believes RPM's selloff following the company's Q1 EBIT miss was overdone given that the company is about to announce a substantial restructuring program at the end of November. The analyst, who thinks much of the miss was one-time in nature, looks toward details to be shared at the company's analyst day to likely drive the shares higher. Andrews keeps an Overweight rating on RPM ahead of the event, which is scheduled for November 28.
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