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Fly News Breaks for March 7, 2019
INT
Mar 7, 2019 | 06:17 EDT
Seaport Global analyst Kevin Sterling upgraded World Fuel Services to Buy from Neutral with a $40 price target. Management is "culling low-margin" businesses as it focuses on profitability above volume growth and market share gains, the analyst wrote in a note to investors. Sterling expects IMO 2020 to be a tailwind for the Marine business as there will likely be more disruptions, bottlenecks in the supply chain, and inventory constraints between high and low sulfur fuel, which is an idea environment for World Fuel.
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