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Fly News Breaks for January 8, 2018
SHLM
Jan 8, 2018 | 08:51 EDT
SunTrust analyst Jason Freuchtel raised his price target on A. Schulman to $37 from $32 ahead of the earnings release expected later today. Freuchtel notes that while raw material pricing and Hurricane Harvey impact will be near-term headwinds, pricing will become more benign in FY18. The analyst adds that FX impact this year will be favorable and the rig count can provide more upside. Freuchtel keeps his Hold rating on A. Schulman.
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