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Fly News Breaks for September 29, 2015
IMN
Sep 29, 2015 | 09:03 EDT
Lake Street downgraded Imation to Hold from Buy after the company announced plans to wind down its non-European legacy operations and end its license deal with TDK. The firm said Imation has taken "some bold steps," but downgraded the stock and lowered its price target to $3 from $4 given the added execution risk.
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