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Fly News Breaks for October 4, 2016
CCC
Oct 4, 2016 | 08:45 EDT
As reported previously, Baird analyst Ben Kallo upgraded Calgon Carbon to Outperform from Neutral. The analyst believes 2017 estimates can exceed expectations with higher than expected mercury, municipal, and industrial market demand. Kallo also believes the recent IMO ratification of the Ballast Water convention should drive equipment sales for 5-7 years. Kallo raised his price target to $19 from $16 on Calgon Carbon shares.
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