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Fly News Breaks for October 12, 2015
UTIW
Oct 12, 2015 | 07:20 EDT
Stephens downgraded UTi Worldwide to Equal Weight after the company agreed to be acquired by DSV and lowered its price target to $7.10 from $10 to reflect the agreed upon deal price. The firm noted that it views the potential for a substantially higher bid as unlikely given current market conditions and UTi's recent challenges.
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