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Fly News Breaks for March 25, 2015
TYC
Mar 25, 2015 | 09:34 EDT
Bernstein believes that Tyco is well-positioned in attractive markets with high recurring revenue, strong ROIC and cash generation, and improving earnings quality. The firm says the company's positive attributes will enable it to overcome foreign exchange headwinds. It keeps an Outperform rating on the name with a $50 price target.
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