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Fly News Breaks for August 9, 2018
GLP
Aug 9, 2018 | 19:49 EDT
MUFG analyst analyst Barrett Blaschke nudged his price target on Global Partners to $20 but kept his Underweight rating after its Q2 results. The analyst notes that while the company is showing improved earnings and more acquisition activity recently, he remains concerned that the partnership has a "higher sensitivity to crude-oil price differentials, particularly between the field price of crude oil in the Bakken Shale and Brent crude," while its operating leverage is also above its target.
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