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Fly News Breaks for May 13, 2019
VRTV
May 13, 2019 | 07:36 EDT
As previously reported, BofA/Merrill analyst John Babcock downgraded Veritiv to Neutral from Buy and lowered its price target to $26 from $37. The analyst cut estimates to the low-end of the reduced adjusted EBITDA guidance range of $165M-180M, down from $190M-$200M, and sees limited catalysts to drive shares higher.
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