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Fly News Breaks for August 2, 2019
WCC
Aug 2, 2019 | 07:16 EDT
RBC Capital analyst Deane Dray lowered his price target to $54 and kept his Sector Perform rating after its Q2 earnings miss and FY19 guidance cut amid sector-wide short-cycle weakness. The analyst notes that the new sales range should be achievable, but sees the risk-reward on the stock as balanced given the choppy recent execution.
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