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Exane BNP upgrades Tate & Lyle; says it's turning a corner

2015-07-27 17:57:01| Food - Topix.net

Exane BNP Paribas upgraded Tate & Lyle to 'neutral' from 'underperform' but cut its price target to 525p from 540p. The broker noted that the shares have fallen by around 20% since the bank's mid-April downgrade and the stock's relative valuation has pulled back markedly over the past quarter.

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