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Fly News Breaks for November 10, 2017
SQBG
Nov 10, 2017 | 07:26 EDT
Canaccord analyst Camilo Lyon downgraded Sequential Brands to Hold from Buy following weaker than expected Q3 results and its issuance of a soft outlook. The analyst said in light of decelerating business fundamentals, his concerns around the company's capital position has increased. As a result, the company must focus on growing its brands organically and improving its financial position. Lyon lowered his price target to $1.50 from $6 on Sequential Brands shares.
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