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Fly News Breaks for June 3, 2016
NGL
Jun 3, 2016 | 07:37 EDT
As noted earlier, Stifel upgraded NGL Energy to Buy from Hold. The firm believes that the company's strategy of deleveraging has improved its outlook. Stifel says that the company should be able to increase its distribution "while maintaining ample coverage." Stifel believes that the stock's valuation is attractive and set an $18 price target on the name.
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