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Fly News Breaks for July 16, 2018
ARNC
Jul 16, 2018 | 07:24 EDT
Jefferies analyst Martin Englert started Arconic with a Buy rating and $23 price target. The company's "depressed" share price "creates a window of optionality" for management to utilize its $500M buyback and the recent reported interest from private equity is likely supportive of the valuation, Englert tells investors in a research note.
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