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Fly News Breaks for February 19, 2019
SXT
Feb 19, 2019 | 07:15 EDT
As previously reported, KeyBanc analyst Curtis Siegmeyer downgraded Sensient to Sector Weight from Overweight as the share price is within striking distance of his $65 price target coupled with a lack of catalysts for multiple expansion. The analyst believes the company is facing a number of headwinds in 2019 across both business segments, while a more meaningful margin recovery in its Flavors & Fragrances segment appears unlikely to materialize in 2019.
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