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Fly News Breaks for April 19, 2018
SPB
Apr 19, 2018 | 09:10 EDT
Wells Fargo analyst Bonnie Herzog lowered her price target for Spectrum Brands to $112 from $120 as she is cautiously optimistic heading into Q1 earnings given strong global macros and increasingly attractive sector valuations, but remains cognizant of mediocre top-line growth, little pricing power, an elevated competitive environment, and commodity/transportation headwinds. The analyst reiterates an Outperform rating on the shares.
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