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Fly News Breaks for April 20, 2016
BATS
Apr 20, 2016 | 08:08 EDT
Raymond James analyst Patrick O'Shaughnessy initiated BATS Global Markets with an Underperform rating saying the company will be challenged to to achieve consistent high-single digit organic revenue growth targets due to lack of organic market share growth and ongoing pricing pressures. Additionally, further acquisitions to drive earnings growth will be more challenging due to elevated leverage and lack obvious targets, according to the analyst.
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