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Fly News Breaks for February 21, 2020
WBT
Feb 21, 2020 | 07:35 EDT
Longbow analyst David MacGregor keeps a Buy rating on Welbilt shares, but lowered his EPS forecasts ahead of the company's Q4 earnings report due February 25 after his U.S. commercial foodservice equipment channel checks pointed to slower demand in both national chains and the general market. Given that he is expect a disappointing Q4 report, MacGregor would wait until afterward to accumulate shares, he tells investors. He has a $19 price target on Welbilt shares.
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