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Fly News Breaks for July 1, 2019
CMI, HYGS
Jul 1, 2019 | 08:45 EDT
Roth Capital analyst Craig Irwin raised his price target for Hydrogenics (HYGS) to $15 from $8.50, while reiterating a Neutral rating on the shares, following the announcement Cummins (CMI) has agreed to acquire Hydrogenics for $15 per share. The analyst is not surprised Cummins is making a defensive move versus a global competitor.
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