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$WRK said post-spin, Ingevity will have reasonable leverage at about 2.5 times EBITDA. This will provide an immediate cash inflow of approx. $400MM at the time of the spin plus funding an additional $80MM as security for a capital lease retained by $WRK.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.