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Fly News Breaks for May 15, 2018
GRA
May 15, 2018 | 08:24 EDT
Baird analyst Ben Kallo noted the departure of the CFO of W.R. Grace, but he does not view the news as a negative. He admits there will be rumors about what it means for the company as an acquisition target, but he does not read into it in any direction as the buyout has never been part of his buy thesis. Kallo continues to recommend Grace shares and reiterated his Outperform rating and $82 price target on the stock.
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