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Fly News Breaks for March 1, 2018
SEMG
Mar 1, 2018 | 08:47 EDT
RBC Capital analyst Elvira Scotto lowered her price target on SemGroup to $29, citing below-consensus FY18 outlook that was likely due to "asset sales and Crude Supply and Logistics". Scotto keeps her Outperform rating, adding that despite the risk to storage rates, the sell-off in the stock price is likely overdone.
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