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Fly News Breaks for May 18, 2018
MPC, ANDV
May 18, 2018 | 08:22 EDT
Credit Suisse analyst Manav Gupta downgraded Andeavor (ANDV) to Neutral from Outperform and raised his price target on shares to $145 from $142. In a research note to investors, Gupta said he believes Marathon Petroleum's (MPC) bid fairly values Andeavor and does not expect a competing bid that limits upside vs. current share prices, adding that any delays on the regulatory front are likely to disproportionally impact Andeavor more than Marathon.
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