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Fly News Breaks for October 12, 2018
SCS
Oct 12, 2018 | 06:53 EDT
Seaport Global analyst Matt McCall upgraded Steelcase to Buy from Neutral with a $20 price target citing cyclical, secular, and company specific opportunities. McCall said a "perfect storm" is setting-up from continued top-line momentum in commercial, minimal impact from tariffs and positive impact from the USMCA trade agreement, EMEA demand, several more quarters of easy comps, and reasonable valuation.
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