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Fly News Breaks for May 20, 2016
FTI
May 20, 2016 | 12:27 EDT
Morgan Stanley analyst Ole Slorer believes the market is not pricing in the cost synergies from FMC Technologies' (FTI) proposed merger with Technip (TKPPY) "at all," though they should be valued at $5 per share for FMC. The firm increased its price target on FMC shares to $47 from $43 and keeps an Overweight rating on the stock.
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