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Fly News Breaks for November 2, 2018
GEL
Nov 2, 2018 | 07:36 EDT
As reported earlier, RBC Capital analyst TJ Schultz upgraded Genesis Energy to Outperform from Sector Perform and raised his price target to $29 from $26. The analyst notes that Q3 has likely marked an inflection point in terms of generating onshore cash flow growth which coincided with the quarter's "moderate capex". Schultz adds that the combination allows Genesis Energy to "grow distributions, keep healthy coverage, and improve balance sheet".
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