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Fly News Breaks for June 24, 2016
SCS
Jun 24, 2016 | 09:06 EDT
BB&t says that ,"at first glance," Steelcase's guidance was "disappointing." However, the firm believes that the company's "outlook may have actually improved for the rest of " fiscal 2017. The firm says that the company's pipeline has improved versus a year ago and compared with earlier in 2016. It trimmed its price target on the shares to $17 from $18 but keeps a Buy rating on the stock.
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