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Fly News Breaks for August 10, 2018
Aug 10, 2018 | 09:22 EDT
Credit Suisse analyst Kevin McVeigh initiated the Business and Professional Services sector, starting TrueBlue (TBI) with a Neutral rating and $31 price target, citing his late-cycle view and the potential impact on the manufacturing economy from the Trump Administration's trade actions in which the company has "substantial" exposure. Additionally, McVeigh says the recent Amazon Canada (AMZN) loss is "unattractive" and, while smaller than the prior loss, will likely keep the stock range-bound for the foreseeable future.
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