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News Breaks | | | | March 6, 2013 | | 07:50 EDT |  | FOE, SHLM | Ferro downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Ferro (FOE) as it is unsure whether A. Schulman (SCHLM) will make a higher offer for Ferro, or if Ferro would accept such an offer. The firm also believes that Ferro's price would be at risk if the bid is rescinded, in light of the stock's current valuation. Target $6.50. | |
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