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For 2016, $DOV expects to generate free cash flow of about 11% of revenue. At the midpoint of guidance, adjusted segment margin is expected to be around 15%. Corporate expense is expected to be $108MM. Fluids organic revenue is expected to fall 4-5%. Refrigeration & Food Equipment organic revenue outlook has been reduced 1 point at the high end.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.