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Fly News Breaks for February 10, 2020
VNE
Feb 10, 2020 | 09:07 EDT
Deutsche Bank analyst Emmanuel Rosner upgraded Veoneer to Hold from Sell with a price target of $17, up from $14. While the company is still a ways away from profitability or cash generation, the stock's risk/reward is more balanced in the near term, Rosner tells investors in a research note. Veoneer is actively improving its cost base, shrinking its losses and stabilizing cash burn, adds the analyst.
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