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Barnes Group (B) takeover price of $55 'reasonable' - Oppenheimer

October 4, 2024 10:10 AM EDT

Oppenheimer analyst Christopher Glynn reiterated an Outperform rating and $48.00 price target on Barnes Group (NYSE: B) amid reports Apollo Global Management is engaged in discussions to acquire B at over $45/share. The analyst views a takeover at $55/share as "reasonable".

The analyst commented, "Regarding... More