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Fly News Breaks for March 13, 2019
Mar 13, 2019 | 08:17 EDT
RBC Capital analyst Nik Modi is keeping his Outperform rating and $20 price target on Cott Corp after its analyst day yesterday, saying the company's commentary supported his long-term bullish thesis. The analyst notes that the management affirmed its FY19 outlook for free cash flows at over $150M, which included "slightly lower synergies and interest savings related to the RCI divestiture and share repurchases. Modi contends that investors should consider acquiring shares given the underperformance in the stock price over the past month.
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