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Fly News Breaks for September 29, 2016
SBH
Sep 29, 2016 | 10:36 EDT
Baird analyst Mark Altschwager acknowledged that the "abrupt nature" of the resignation of Sally Beauty CFO Mark Flaherty, who gave only two days notice, is likely to "further raise investor anxiety" ahead of earnings due out November 9, but added that he does not have any reason to believe Flaherty's resignation is due to disagreements with the company or that it reflects Q4 fundamentals. The analyst, who said the stock will "require patience," keeps an Outperform rating on Sally Beauty shares.
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