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Fly News Breaks for January 10, 2017
SPB
Jan 10, 2017 | 08:45 EDT
As previously reported, BofA/Merrill downgraded Spectrum Brands to Neutral and lowered its price target to $135 from $130. Analyst Olivia Tong is taking a more cautious stance on near-term momentum given difficult 1H 2017 comps, an unexpected sales deceleration in the September quarter, and little momentum in Appliances and Pet businesses.
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