Tuesday, December 05, 2006

Soleil Securities Doesn't See Takeover of Lexmark (LXK)

In a note this morning on Lexmark (NYSE: LXK), Soleil Securities analyst Shannon Cross said they attribute the recent move in the stock to speculation the company could be the target of an LBO or strategic acquisition. The firm said they do not believe Lexmark is a takeover candidate at these levels and has difficulty achieving a current LBO-based stock price above $60 (Note: Current price is $70.55)



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