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Fly News Breaks for September 10, 2015
AXE
Sep 10, 2015 | 07:01 EDT
As previously reported, Longbow upgraded Anixter to Buy from Neutral with a $78 price target. Analyst Shawn Harrison said checks indicate demand trends are stable and support a +2%-4% CY15 organic growth outlook. Additionally, the analyst is bullish on the HDS Power acquisition and accretion and expansion into the utility market and views valuation as attractive.
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