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Fly News Breaks for November 9, 2018
SUP
Nov 9, 2018 | 12:12 EDT
BWS Financial analyst Vahid Khorsand downgraded Superior Industries to Hold from Buy and lowered his price target for the shares to $8. The company's Q3 included "many unfolding negatives" that are "overshadowing any positive trends," Khorsand tells investors in a research note. It is becoming apparent that management "has a reactionary viewpoint on the business than leading the business through operational challenges that could somewhat have been mitigated," says the analyst. He believes "prolonging needed decisions to cut unnecessary capital outlays could take a toll on the stock price."
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