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Fly News Breaks for May 6, 2016
CORR
May 6, 2016 | 07:55 EDT
As noted earlier, RBC Capital downgraded CorEnergy to Sector Perform from Outperform. As reasons for the downgrade, the firm cited valuation and the fact that the company's two primary lessees are in bankruptcy. RBC is unsure whether CorEnergy will receive rent payments from the bankrupt lessees. Target to $23 from $25.
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