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Fly News Breaks for November 11, 2019
NGL
Nov 11, 2019 | 07:27 EDT
Raymond James analyst Justin Jenkins lowered his price target for NGL Energy Partners to $15 from $17 and maintained an Outperform rating, saying he continues to believe NGL's operational positioning has improved due to efforts to increase cash flow ratability. Jenkins tells investors in a research note that while many investors question the outlook for the Water Solutions segment, he expects NGL to improve per-unit financials as recent steps should drive more ratable performance.
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