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Fly News Breaks for December 14, 2015
TYC
Dec 14, 2015 | 06:42 EDT
Credit Suisse analyst Julian Mitchell downgraded Tyco and lowered its price target to $36 from $40 on shares. Mitchell believes Tyco is likely to continue to disappoint on earnings as the US non-residential private sector construction market slows and sees potential structural problems in its IS&S businesses, and increased competition in Products.
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