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Fly News Breaks for July 20, 2015
EPD, GEL
Jul 20, 2015 | 05:27 EDT
Wells Fargo upgraded Genesis Energy (GEL) to Outperform saying the acquisition of Enterprise Products' (EPD) Gulf of Mexico business should enable the company to sustain its 10% annual distribution growth rate through 2020. Wells calls the purchase price "highly attractive" and raised its price target range for Genesis shares to $53-$57 from $43-$47.
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