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Fly News Breaks for October 22, 2018
SXT
Oct 22, 2018 | 08:12 EDT
KeyBanc analyst Curtis Siegmeyer lowered his price target for Sensient to $73 from $80 on account of near-term headwinds in Flavors and other issues largely not operational in nature. Nonetheless, the analyst believes headwinds via cosmetic destocking and onion issues are largely behind the company, which should allow it to enter 2019 on solid footing, where it should still generate solid HSD% EPS growth. Siegmeyer reiterates an Overweight rating on the shares.
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