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Fly News Breaks for January 10, 2019
ABB
Jan 10, 2019 | 16:46 EDT
Vertical Research analyst Jeffrey Sprague downgraded ABB to Sell and lowered his price target for the shares to $17 from $25. The analyst says that even before the recent drop in oil prices and mounting trade pressures on China he was concerned the company's backlog was insufficient to support its 2019 outlook.
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