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Fly News Breaks for May 1, 2015
TAX
May 1, 2015 | 13:19 EDT
Barrington lowered its price target on Liberty Tax to $30 from $40 and cut its estimates for FY15 and FY16 revenue and number of returns prepared after the company announced the initial results of the 2015 tax season. The firm said it remains "cautiously optimistic" regarding Liberty's opportunities for new office openings and increased returns prepared next season, citing expected ACA tailwinds, and maintains its Outperform rating on the shares.
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