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Fly News Breaks for June 30, 2016
BAYRY, MON
Jun 30, 2016 | 07:29 EDT
Deutsche Bank analyst David Begleiter says the "weak" 2017 outlook provided yesterday by Monsanto (MON) makes a merger a deal with Bayer (BAYRY) now more likely. The analyst believes a deal could get done in the $135-$140 per share range for Monsanto. He raised his price target for the shares to $118 from $100 and keeps a Buy rating on the name.
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