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Fly News Breaks for February 24, 2017
FB, DFT
Feb 24, 2017 | 07:30 EDT
Stifel analyst Matthew Heinz says that DuPont Fabros' (DFT) update on " the base case financial impact of its upcoming renewal discussions with Facebook (FB)" removes an overhang on DuPont's stock. The analyst says that the impact of the renewal "appears very manageable," and he expects demand for the company's services to remain strong. Heinz increased his price target on DuPont to $57 from $48 and keeps a Buy rating on the shares.
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