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Fly News Breaks for December 16, 2019
SPB
Dec 16, 2019 | 07:29 EDT
Oppenheimer analyst Ian Zaffino upgraded Spectrum Brands to Outperform from Perform with an $80 price target. In a research note to investors, Zaffino says the company's management has successfully stabilized the business, and all four business units should grow in FY20. He adds that FY20 guidance implies $130M-$135M of tariffs that if removed could help EBITDA as the company holds on to productivity gains.
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