Fly News Breaks for April 1, 2019
Apr 1, 2019 | 08:48 EDT
Buckingham analyst Dmitry Silversteyn initiated NewMarket with an Underperform and $380 price target saying he has concerns regarding lower end market demand combined with a potential inventory correction. The analyst said recent price increase announcements by base oil manufacturers may signal the end of the current deflationary cycle but inconsistent performance could lead to a downside surprise.
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