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Fly News Breaks for October 28, 2019
TILE
Oct 28, 2019 | 08:41 EDT
Longbow analyst David MacGregor downgraded Interface to Neutral from Buy without a price target. The reported a Q3 earnings beat but tempered its Q4 outlook due to gross margin headwinds and a choppy order flow, MacGregor tells investors in a research note. With the stock up 58% over the past six weeks, the analyst downgrades the shares. He expects shares to trade sideways in a $16-18 range through year-end and into 2020.
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