Fly News Breaks for February 26, 2020
Feb 26, 2020 | 08:25 EDT
Buckingham analyst Robert Barry lowered his price target for MSM Industrial to $72 from $75 and retained a Neutral rating after spending time on the road with management. In a research note to investors, Barry says his takeaways from his time with MSM include end markets remain broadly challenged, with no noted "green shoots" and says the previously stronger Aero market has become "choppier." Barry also thinks sales force changes in Q1 may be a little more disruptive this year than he had assumed. Coronavirus has had no material impact on customer behavior, but it's still early days, he adds.
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