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Fly News Breaks for February 8, 2017
NGL
Feb 8, 2017 | 07:38 EDT
As noted earlier, Stifel downgraded NGL Energy Partners to Hold from Buy. Analyst Selman Akyol downgraded the stock after the company reported lower than expected Q3 EBITDA and reduced its full-year EBITDA guidance to the lower end of the prior range. The analyst says that the shares reflect the company's decision to resume its distribution growth, as well as its "optimistic outlook." Target to $21 from $22.
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