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Fly News Breaks for October 24, 2019
Oct 24, 2019 | 13:47 EDT
William Blair analyst Ryan Merkel noted that MSC Industrial's adjusted EPS "slightly" beat consensus and its fiscal 2020 guidance matched "low expectations," but while the market may be playing for a rebound in industrial production in 2020, he would not make that call just yet. MSC has struggled to expand EBIT margins for several years amid minimal share gains, lower margin acquisitions and negative customer mix and he would suggest waiting for proof of improved execution and end-markets bottoming to buy the stock, said Merkel, who keeps a Market Perform rating on the shares.
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