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Fly News Breaks for November 20, 2018
SPB
Nov 20, 2018 | 08:49 EDT
As previously reported, Raymond James downgraded Spectrum Brands to Market Perform from Outperform. Analyst Joseph Altobello said Q4 results were an "unmitigated disaster" with the shortfall being broad based across its operating segments. The analyst has reduced confidence in management's ability to execute and in its outlook, and would wait for signs of stabilization before building a position.
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