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Fly News Breaks for October 27, 2016
AXE
Oct 27, 2016 | 05:36 EDT
Imperial Capital analyst Jeff Kessler upgraded Anixter to Outperform saying the company is moving past the initial integration challenges following the Q3 earnings beat. The analyst notes that management on the earnings call announced Anixter's largest-ever contract: a $750M, five-year contract to be a distributor of utility products and services serving a large electric utility company. He upped his price target for Anixter shares to $72 from $64.
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