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Fly News Breaks for December 7, 2016
CBI
Dec 7, 2016 | 07:59 EDT
Argus analysts Stephen Biggar and Mike Jaffe initiated CB&I with a Buy and a $43 price target. The analysts believe that the CBI's key markets are in the early stages of recovery, which should lead to gradual improvement in the company's business, and also expect customer capital spending to increase following the recent OPEC production agreement.
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