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Fly News Breaks for January 13, 2017
SNAK
Jan 13, 2017 | 06:08 EDT
DA Davidson analyst Eric Gottlieb downgraded Inventure Foods to Neutral citing a "diminished outlook" on the sale of the entire business as well as an increased possibility for an equity offering or rights offering. The company, currently exploring strategic options, more than likely won't exist in its current form beyond June and many options are on the table, Gottlieb tells investors in a research note. He cut his price target for the shares to $8 from $10.
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