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Fly News Breaks for November 6, 2018
ANDV, MPC, MPLX, ANDX
Nov 6, 2018 | 08:04 EDT
RBC Capital analyst TJ Schultz lowered his price target on Andeavor Logistics (ANDX) to $47 and kept his Sector Perform rating to reflect the continued uncertainty around its combination plans with MPLX (MPLX). The analyst notes that the investment focus on the stock falls around the recent combination of Marathon Petroleum (MPC) and Andeavor (ANDV) and the company's "long-term viability as a standalone". Schultz adds that the potential combination could result in Andeavor Logistics being acquired by or being the acquirer of MPLX.
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