Fly News Breaks for August 31, 2015
UTIW
Aug 31, 2015 | 07:33 EDT
Stephens reduced its estimates for UTi Worldwide ahead of the company's earnings report, due Thursday, and acknowledged the potential for the company to lower its FY16 EBITDA guidance, but argues that such a risk is already priced into the stock at its current levels. The firm, which expects the company to report solid free cash flow and give positive commentary on new business wins, keeps its Overweight rating on UTi shares, but lowered its price target on the stock to $10 from $13.
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