Essendant (ESND) Misses Q2 EPS by 28c; Cuts FY16 EPS Outlook
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KeyBanc Downgrades Essendant (ESND) to Sector Weight
July 21, 2016 1:44 PM EDTKeyBanc downgraded Essendant (NASDAQ: ESND) from Overweight to Sector Weight and removed its price target. The change follows Q2 results and guidance, with disappointing margin outlook.
Analyst Bradley Thomas said, "ESND reported 2Q EPS that was below expectations, with margins pressured... More
