Libbey (LBY) Reports In-Line Q4 EPS, Offers FY Guidance

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Go back to Libbey (LBY) Reports In-Line Q4 EPS, Offers FY Guidance

Piper Jaffray Remains Bullish as Libbey's (LBY) 4Q Results Exceeded Exceptions

February 25, 2016 9:42 AM EST

Piper Jaffray maintained an Overweight rating on Libbey Inc (NYSE: LBY), and cut the price target to $25.00 (from $33.00), following the company's 4Q earnings report. Today's call was the first hosted by new CEO Bill Foley. While the circumstances around the prior CEO's departure were somewhat unsettling for investors, Piper Jaffray was pleased by the direction of the call. Q4 sales exceeded estimates... More