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Fly News Breaks for October 23, 2019
CEQP
Oct 23, 2019 | 08:27 EDT
Raymond James analyst Justin Jenkins upgraded Crestwood Equity to Strong Buy from Outperform with a $40 price target. In a research note to investors, Jenkins says Crestwood has materially improved its risk profile in recent years after several strategic revamps, various commercial wins, and successful execution towards growth. Jenkins thinks Crestwood's multi-pronged growth story provides solid visibility for higher cash flow generation into at least the early 2020s.
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