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Fly News Breaks for October 15, 2018
ALSMY
Oct 15, 2018 | 07:34 EDT
Deutsche Bank analyst Gael de-Bray upgraded Alstom to Buy with a price target of EUR 44. The analyst thinks it's time to revisit the story with the European Commission's decision on the planned merger with Siemens Mobility less than four months away. The creation of a "Railbus" is so strategically and politically important that the Commission will likely clear the merger without requiring massive divestments, de-Bray tells investors in a research note.
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