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Fly News Breaks for June 13, 2017
SEMG
Jun 13, 2017 | 05:38 EDT
Barclays analyst Christine Cho upgraded SemGroup to Overweight citing an attractive valuation following the recent selloff in the shares. The stock is down 10.1% since the announcement of the HFOTCO acquisition on June 6, Cho tells investors in a research note. The analyst views the selloff as overdone and keeps a $36 price target for the shares.
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