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Fly News Breaks for November 2, 2016
FGP
Nov 2, 2016 | 07:25 EDT
Citi analyst Faisel Khan upgraded Ferrellgas Partners LP to Neutral with a lowered price target of $8 citing valuation. The analyst, however, estimate that a distribution cut to $1 per unit may still not suffice in delivering the partnership fast enough. Khan thinks the risk surrounding Ferrellgas' cash flows and distributions has been taken into account, though.
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