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Fly News Breaks for May 16, 2018
May 16, 2018 | 06:07 EDT
Jefferies analyst Laurence Alexander downgraded Omnova Solutions to Hold and lowered his price target for the shares to $12 from $14. The company's productivity gains will likely slow and most of its mix shift improvements have likely been realized, Alexander tells investors in a research note. He believes multiple expansion above nine times EBITDA will prove difficult in the current environment.
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