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Fly News Breaks for June 13, 2017
TIS
Jun 13, 2017 | 09:16 EDT
Craig-Hallum analyst Mike Malouf believes the debt covenant concerns that have recently weighed on Orchids Paper have been overblown, as he sees the company having several options available to get past this temporary situation. With its Barnwell facilities completed, the analysts expects to see accelerated revenue growth in the second half of the year, he tells investors. Malouf lowered his price target on Orchids shares to $22 from $39, but maintains a Buy rating on the stock.
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