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Fly News Breaks for June 22, 2017
SCS
Jun 22, 2017 | 09:00 EDT
Raymond James analyst Budd Bugatch says that Steelcase's Q1 results were "not good." The analyst expects the company's SG&A spending to remain "elevated" due to "structural changes" in its sector. However, the analyst says this is "likely the best long-term strategy," and he keeps a Strong Buy rating on the stock.
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