SPX Flow (FLOW) PT Raised to $90 at Stifel, Following Takeover Speculation
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Price: $43.78 -0.39%
Rating Summary:
3 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Stifel analyst Nathan Jones raised the price target on SPX Flow (NYSE: FLOW) to $90.00 (from $83.00) while maintaining a Hold rating.
Analyst comments: "We believe IR´s offer for SPX FLOW represents a competitive starting point in negotiations for the company. We believe $85/share is a competitive offer and removes market and execution risk. We think a modestly higher price is likely negotiable, and we would encourage the Board to explore all options to maximize shareholder value."
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