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Fly News Breaks for November 25, 2015
VAL
Nov 25, 2015 | 08:07 EDT
As noted earlier, RBC Capital downgraded Valspar to Underperform from Sector Perform. The firm downgraded the stock after the company provided lower than expected 2016 EPS guidance. RBC lowered its estimates for the company, citing tough coatings comps, general industrial weakness, competitive challenges in US paint, lower raws benefits versus peers, and weakness in Chinese construction markets, Target to $82 from $80.
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