(Bloomberg) -- Tyco International Ltd. shares had
their biggest decline in four months after Citigroup Investment
Research downgraded the stock to ``sell'' and said the company
was unlikely to be a leveraged buyout candidate.
A ``solid'' balance sheet and recurring free cash flow make
Tyco a ``logical'' candidate, Citigroup analyst Jeffrey Sprague
wrote in a note to clients. ``However, this scenario looks less
likely at current valuations.''
Read more at Bloomberg Stocks News
their biggest decline in four months after Citigroup Investment
Research downgraded the stock to ``sell'' and said the company
was unlikely to be a leveraged buyout candidate.
A ``solid'' balance sheet and recurring free cash flow make
Tyco a ``logical'' candidate, Citigroup analyst Jeffrey Sprague
wrote in a note to clients. ``However, this scenario looks less
likely at current valuations.''
Read more at Bloomberg Stocks News
No comments:
Post a Comment