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Fly News Breaks for October 10, 2016
UAN, CVRR, CVI
Oct 10, 2016 | 06:49 EDT
Piper Jaffray analyst Jeff Dietert upgraded CVR Energy (CVI) to Neutral saying the shares are more fairly valued after dropping 61% since January 26. The shares are trading effectively flat with the combined value of the company's core holdings in CVR Refining (CVRR) and CVR Partners (UAN), Dietert tells investors in a research note. The analyst raised his price target for the shares to $14 from $10.
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