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Fly News Breaks for September 19, 2016
SERV
Sep 19, 2016 | 06:38 EDT
Nomura analyst Dan Dolev downgraded ServiceMaster to Hold and lowered its price target to $31 from $36. The analyst expects weak growth at Terminex to linger given it overexposure to slower growth termite, reduced customer and employee retention, and headwinds from Alterra M&A as it starts lapping in November. Dolev said expects increased marketing spend for AHS, or home warranty, to maintain growth amid deteriorating levels of customer reviews.
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