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Fly News Breaks for February 20, 2018
TAX
Feb 20, 2018 | 13:58 EDT
Barrington analyst Alexander Paris downgraded Liberty Tax to Market Perform from Outperform after the board terminated Edward Brunot as CEO, effective immediately. The "ongoing war" in the boardroom, resignation of the independent auditor and all the changes in the C-suite impair Liberty Tax's visibility, Paris tells investors in a research note. The analyst says he'll reconsider his rating "once stability returns and the company regains compliance in its financial filings."
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