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Fly News Breaks for October 8, 2015
TRGP, NGLS
Oct 8, 2015 | 05:51 EDT
Jefferies analyst Christopher Sighinolfi downgraded Targa Resources Partners (NGLS) to Hold saying the company will struggle to pay its dividend without a commodity price recovery "well in excess" of current 2016-2020 strip levels. Sighinolfi cut his price target for shares to $33 from $37. He keeps an Underperform rating on Targa Resources (TRGP) with a $52 price target.
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