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Fly News Breaks for April 17, 2015
FEIC
Apr 17, 2015 | 07:51 EDT
BofA/Merrill downgraded FEI Company to Neutral due to recent industry weakness in semis from soft China demand in Material Sciences, flat growth in Natural Resources, and FX headwinds. Firm believes FY15 guidance will be difficult to meet given reduced capex budgets and sees lack of visibility into sales. BofA/Merrill lowered its price target to $83 from $90.
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