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Fly News Breaks for March 6, 2019
VRTV
Mar 6, 2019 | 09:17 EDT
SunTrust analyst Keith Hughes lowered his price target on Veritiv to $30 and kept his Hold rating after its Q4 results, saying that while revenue saw modest growth, the company's "ongoing weak trends in Facilities Maintenance limited margin expansion". The analyst notes that although Veritiv anticipates 2019 EBITDA growth and "substantial improvement" in free cash flows, he sees expansion potential as limited based on the "mixed trends" and higher Packaging segment cost headwinds.
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