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Fly News Breaks for May 5, 2016
FLOW
May 5, 2016 | 08:45 EDT
Seaport Glboal analyst Ryan Cassil upgraded SPX FLOW to Buy and increased its price target to $37 from $20 following early execution on the realignment plan and indications of stabilization in key end markets. Cassil favor SPX Flow for its relatively low multiple on cyclically depressed EBITDA in the beginnings of a structural turnaround.
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