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Fly News Breaks for November 8, 2016
ARCX
Nov 8, 2016 | 08:40 EDT
After Arc Logistics reported in-line results, DA Davidson analyst Poe Fratt says that the company's conference call had "a positive tone." Fratt thinks that the subsequent 10% decline in the stock on the day after the call is not justified by the company's fundamentals. He says that the company's yield is attractive, while its risk/reward ratio is positive. Fratt keeps a $22 price target and a Buy rating on the shares.
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