We recently downgraded our recommendation on School Specialty Inc. (NASDAQ:SCHS) to Neutral with a price target of $3.35. Earlier, the education company, offering supplemental educational products and equipment, had been enjoying an Outperform rating.
Where lies the Weakness
The recent economic downturn has resulted in an uncertainty related to state budget funding levels in the school districts, which has led to a cautious spending approach. A continued softness in demand still persists for both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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