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National Instruments downgraded to Hold from Buy at Jefferies
The Fly

National Instruments downgraded to Hold from Buy at Jefferies

Jefferies analyst David Kelley downgraded National Instruments (NATI) to Hold from Buy with a price target of $60, up from $55, after the company entered into an agreement to be acquired by Emerson Electric (EMR) for $60 per share. Emerson’s revised bid of $60 per share in cash reflects National’s longer-term growth prospects and the potential synergies, the analyst tells investors in a research note.

Published first on TheFly

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