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Fly News Breaks for May 24, 2017
ANW
May 24, 2017 | 06:03 EDT
Stifel analyst Benjamin Nolan downgraded Aegean Marine to Hold and lowered its price target to $9 from $18 saying the company posted one of the "worst quarters" in its history. The analyst said increasing competition in several of Aegean's markets impacted profitability and margins, and additional costs were higher than expected in almost every category despite cost cutting efforts.
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