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Fly News Breaks for October 13, 2016
BW
Oct 13, 2016 | 06:40 EDT
Credit Suisse analyst Jamie Cook downgraded Babcock & Wilcox to Underperform and lowered its price target to $16 from $17. The analyst expects Babcock & Wilcox's equipment and aftermarket power businesses to continue to be challenged by the secular decline in US coal and expects the companies diversification strategy to take time.
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