Libbey (LBY) Tops Q3 EPS by 18c

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Go back to Libbey (LBY) Tops Q3 EPS by 18c

Piper Jaffray Cuts Price Target on Libbey (LBY) to $33 Following Sales Miss

November 6, 2015 9:32 AM EST

Piper Jaffray maintained an Overweight rating on Libbey Inc (NYSE: LBY), and cut the price target to $33.00 (from $47.00), following the company's 3Q earnings report. Sales missed estimates by $15M, or 7% in total, largely on a drop in seasonal orders and overall tighter inventory flow by key retail partners. EPS was inline, reflecting product margin gains, pricing benefits, and... More