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Fly News Breaks for February 7, 2019
MPLX, ANDX
Feb 7, 2019 | 21:14 EDT
MUFG analyst Barrett Blaschke lowered his price target on Andeavor Logistics (ANDX) to $38 and kept his Neutral rating, saying the company's Q4 results did not pick up as much as he had anticipated. The analyst notes that the distribution coverage hovering near 1.0-times is also "of some concern", adding that the primary "lingering question" for the stock is how long it will take for it to combine with its "sister MLP", MPLX (MPLX).
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