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Fly News Breaks for March 18, 2016
IRM
Mar 18, 2016 | 06:43 EDT
Piper Jaffray analyst George Tong believes Iron Mountain's acquisition of Recall will likely win approval from European regulators, "assuming some concessions and divestitures are made." The analyst views the acquisition and associated synergies as an "attractive driver of valuation upside" for Iron Mountain. He reiterates an Overweight rating on the shares with a $43 price target.
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