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Fly News Breaks for January 13, 2016
FOE
Jan 13, 2016 | 07:11 EDT
Seaport Global analyst Michael Harrison upgraded Ferro to Buy citing compelling risk/reward at current levels. Harrison believes Ferro has dramatically improved its operations and expects roughly $320M in acquisitions over the last 13 months to be an earnings tailwind as it leverages these businesses, rationalizes its manufacturing footprint, and focuses on maximizing returns. Harrison lowered his price target to $14 from $15 on Ferro shares.
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