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Fly News Breaks for December 6, 2016
NGL
Dec 6, 2016 | 07:37 EDT
As previously reported, BofA/Merrill upgraded NGL Energy to Buy from Neutral and raised its price target to $22 from $21. Analyst Gabe Moreen said NGL's valuation does not reflect its exposure to higher oil prices as the Water Services segment benefits from crude recovered in the process of water treatment and sees reduced counterparty risk associated with NGL's Grand Mesa pipeline.
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