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Fly News Breaks for November 3, 2015
FRM, TISI
Nov 3, 2015 | 07:56 EDT
Stephens analyst Matt Duncan believes Team's (TISI) deal to acquire Furmanite (FRM) will create a dominant player in the downstream energy industrial services space. Duncan upgraded Team to Overweight from Equal Weight and raised his price target on the stock to $48 from $38 following the deal, while also upgrading Furmanite shares to Overweight.
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