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Fly News Breaks for January 13, 2016
CST
Jan 13, 2016 | 07:19 EDT
Stephens analyst Ben Bienvenu downgraded CST Brands to Equal Weight from Overweight citing its valuation after a recent run-up in shares as well as his belief that a revision to historical mean fuel margins is more likely than not. The analyst lowered his FY16 EPS and EBITDA estimates to account for his fuel margin assumption and cut his price target on CST shares to $40 from $43.
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