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Fly News Breaks for February 20, 2019
SCI
Feb 20, 2019 | 07:26 EDT
As previously reported, Raymond James analyst John Ransom downgraded Service Corp. to Outperform from Strong Buy following the company's "soft" Q4 results. When all things are considered, the company gave "decent" 2019 guidance, but it is more back-end loaded and more dependent on a relative volume rebound, Ransom tells investors. Though he said his long-term thesis is largely unchanged, Ransom sees it as appropriate to lower his rating heading into a tough comp for Q1, he added. Ransom keeps a $50 price target on Service Corp. shares.
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