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Fly News Breaks for October 17, 2019
TECD
Oct 17, 2019 | 07:47 EDT
Loop Capital analyst Ananda Baruah raised his price target on Tech Data to $150 and kept his Buy rating after yesterday's Reuters speculation that Apollo has offered to acquire the company. The analyst notes that the offer reflects greater recognition of the company's IT distribution asset value and believes that the stock has the ability to appreciate to $180 per share, adding he would recommend that the management does not agree to the $130/shr proposed price..
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