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Fly News Breaks for February 22, 2016
MENT
Feb 22, 2016 | 08:49 EDT
As noted earlier, DA Davidson upgraded Mentor Graphics to Buy from Neutral. The firm upgraded the stock as it believes that the company's announcement this morning that it will repurchase 8.1M shares from Carl Icahn, along with what the firm sees as stabilizing industry fundamentals, has improved the stock's risk/reward ratio. Target to $24 from $20.
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