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Fly News Breaks for January 8, 2020
MSM
Jan 8, 2020 | 15:23 EDT
William Blair analyst Ryan Merkel maintained a Market Perform rating and $77 price target on MSC Industrial after the company gave Q2 guidance that was 12% below the consensus. The analyst advised waiting for "tangible proof of improved execution" in controlling costs and executing a leaner business model. Merkel said he sees "limited valuation upside near term."
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