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Fly News Breaks for May 8, 2018
FNGN
May 8, 2018 | 06:14 EDT
DA Davidson analyst Peter Heckmann downgraded Financial Engines to Neutral from Buy given its pending buyout by Hellman & Friedman at $45 per share. The analyst also raised his price target on the stock to $45 from $38, noting the deal represents a 32% premium over its week's closing price and represents a "good outcome" for investors.
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