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Fly News Breaks for May 24, 2019
HPE, CRAY
May 24, 2019 | 07:29 EDT
As previously reported, KeyBanc analyst Alex Kurtz downgraded Cray (CRAY) to Sector Weight from Overweight after its announced takeover by HP Enterprise (HPE). In a research note to investors, Kurtz says he believes there has been "ample" time for a second bid to have emerged since the deal announced last Friday and no longer views another bid emerging as likely.
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