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Fly News Breaks for November 27, 2019
Nov 27, 2019 | 10:53 EDT
Stifel analyst Matthew Sheerin maintained a Hold rating on AVX, but raised his price target on the company to $19.50 from $15 following an acquisition offer from parent company Kyocera Corp. to acquire the 28% of outstanding shares it does not own for $19.50 a share. The analyst said the acquisition "makes sense" and noted that AVX has set up a special committee to review the proposal.
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