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In June, $BDX continued to deleverage as it paid down $750MM debt maturity associated with the CareFusion acquisition. At end 3Q16, leverage ratio was 3.4x. Company is on track to achieve 3x leverage ratio within March 2017. Company expects to achieve $325-350MM in total cost synergies related to the CareFusion acquisition when exiting FY18.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?