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Fly News Breaks for April 30, 2015
SPB
Apr 30, 2015 | 07:28 EDT
After Spectrum's shares rallied 5% yesterday following its acquisition of Armor All, Wells Fargo says that the reaction to the deal is logical, as the transaction should increase the company's annual EPS by 7%-8%, according to the firm. Wells believes that Spectrum;s Q2 results will mark a fundamental bottom for the company, and it keeps an Outperform rating on the shares.
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