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Fly News Breaks for February 9, 2017
FLOW
Feb 9, 2017 | 07:21 EDT
After SPX FLOW reported weaker than expected results and the stock dropped, Stifel analyst Nathan Jones blames the miss on foreign exchange fluctuations and poor execution on a single project. He adds that the company's guidance "looks really conservative." Duffy says that the stock's decline "doesn't make sense." He raised his price target on the stock to $42 from $39 and keeps a Buy rating on the shares.
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