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Fly News Breaks for June 19, 2015
REXX
Jun 19, 2015 | 07:49 EDT
After Rex Energy announced the sale of its Keystone Clearwater business, SunTrust says the company will have net proceeds of $66M. The firm thinks the deal is solid because it boosts the company's liquidity position. The firm thinks the stock should outperform today, as the price the company obtained was slightly above the firm's estimate. SunTrust keeps a Buy rating on the shares.
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