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Fly News Breaks for June 12, 2018
BPL
Jun 12, 2018 | 05:48 EDT
UBS analyst Shneur Gershuni downgraded Buckeye Partners to Neutral and lowered his price target for the shares to $36 from $49. Buckeye will enter a period of "sideways performance" until its growth comes online, Gershuni tells investors in a research note. He expects a "lengthy period" of coverage and balance sheet repair will limit the stock's participation in a broader midstream recovery.
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