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Re: None

Tuesday, 12/12/2017 4:50:44 AM

Tuesday, December 12, 2017 4:50:44 AM

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Stifel notes FLS's $893M in Q3 orders was the lowest in the current down cycle and management said it did not expect Q4 orders to perform any better; improving order rates will be the first sign that the cycle is turning, and with an expectation of flat to down orders in Q4, the firm does not see any near term catalysts for the stock.

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