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Fly News Breaks for January 27, 2016
DXPE
Jan 27, 2016 | 07:56 EDT
Stephens analyst Matt Duncan lowered his forecast for DXP Enterprises to account for the continued drop in oil prices and took his price target on its shares down to $26 from $38. However, Duncan added that he thinks worries about DXP's debt are putting excess pressure on the stock and said he believes the company will be able to renegotiate its debt covenants. The analyst, who views current levels as an attractive entry point for investors who can wait at least 12 months, reiterates an Overweight rating on DXP shares.
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