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Fly News Breaks for July 27, 2017
SPH
Jul 27, 2017 | 05:27 EDT
Citi analyst Faisel Khan upgraded Suburban Propane to Buy saying the units are oversold at current levels. If next winter is warmer than normal again, Suburban will likely need to cut its distribution 20%, but current units are pricing in a 40% distribution cut, the analyst contends. He lowered his price target for the shares to $27 from $32.
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