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Fly News Breaks for May 31, 2016
MDU
May 31, 2016 | 07:18 EDT
Argus analyst David Coleman upgraded MDU Resources to Buy and established a $26 price target. The company has completed a restructuring and divested its volatile E&P operations that should result in consistent results, and a favorable earnings outlook, the analyst wrote in a report. Coleman said the balance sheet is solid, the dividend appears secure, and valuation is attractive relative to peers.
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