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Fly News Breaks for November 13, 2015
NGL
Nov 13, 2015 | 07:19 EDT
After NGL Energy Partners reported weaker than expected Q2 results, Wells Fargo notes that the company's distribution per unit was in-line with the firm's expectations, although the company moderated its 2015-2016 distribution growth outlook. Wells believes that NGL has a strong, secure distribution yield, while its distributions are set to grow over the next several years. Wells keeps an Outperform rating on the shares.
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