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Fly News Breaks for April 11, 2019
Apr 11, 2019 | 09:17 EDT
Wells Fargo analyst Allison Poliniak-Cusic lowered her price target for MSC Industrial to $80 from $85 following the company's Q2 miss. The analyst believes the downward share reaction was more indicative of company specific issues MSC Industrial is facing as it transitions its growth and service structure with the addition of lower margin Mexico operations, bringing vending services in house and building out the technical salesforce. She reiterates a Market Perform rating on the shares.
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