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Fly News Breaks for April 27, 2018
SPB
Apr 27, 2018 | 09:30 EDT
BMO Capital analyst Shannon Coyne lowered her price target on Spectrum Brands to $95 after the company's lower than expected Q2 sales, saying deteriorating margins and operating inefficiencies factored into the disappointing quarter. Coyne keeps her Outperform rating on Spectrum Brands however, adding that her discussions with the management added to her confidence that the issues are transitory amid a favorable risk-reward valuation.
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