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Fly News Breaks for June 22, 2018
HZN
Jun 22, 2018 | 07:40 EDT
Roth Capital analyst Matt Koranda said Horizon Global's decision to terminate the Brink acquisition was not necessarily surprising and he views it as a net positive given that it helps derisk the balance sheet and allows for greater management focus on fixing the company's core operational issues. After removing Brink from his estimates, Koranda raised his price target on Horizon shares to $7.50 from $6.50 and he keeps a Neutral rating on the stock.
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