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Fly News Breaks for April 3, 2017
MJN
Apr 3, 2017 | 06:15 EDT
Wells Fargo analyst John Baumgartner downgraded Mead Johnson to Market Perform saying he expects the takeover by Reckitt Benckiser to close for $90 per share as announced after the FTC granted antitrust clearance. He does not expect a higher bid and upped his price target for Mead shares to $89-$90 from $81-$82.
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