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Fly News Breaks for January 5, 2017
DPM
Jan 5, 2017 | 08:40 EDT
As noted earlier, Stifel upgraded DCP Midstream to Buy from Hold. Analyst Selman Akyol says that the announced dropdown transaction "significantly improves DCP's asset base" , increases its commodity exposure and leverage and keeps its distribution coverage around 1.0 times. Akyol thinks that DCP's outlook has improved significantly in the wake of the transaction. Target to $42 from $32.
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