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Fly News Breaks for March 14, 2019
IMO
Mar 14, 2019 | 08:02 EDT
As previously reported, Credit Suisse analyst Manoj Gupta upgraded Imperial Oil to Neutral from Underperform, with a $39 price target. Given the company's contracted pipe, rail capacity and its integrated business model, it will be less affected by Line 3 delays, he contends. The analyst believes that after Q4 earnings call, the market better understands the risk to 2019 volume guidance, which was the basis of his initial underperform rating.