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Fly News Breaks for October 17, 2016
UPL, CORR
Oct 17, 2016 | 07:10 EDT
As noted earlier, RBC Capital downgraded CorEnergy to Underperform from Sector Perform. After reviewing the Ultra Petroleum (UPL) bankruptcy case, RBC Capital analyst TJ Schultz believes that CorEnergy's current valuation only reflects "best case" impacts stemming from the bankruptcy, while there is actually a wide range of possible outcomes. Target to $23 from $30.
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