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Fly News Breaks for February 9, 2018
SPH
Feb 9, 2018 | 08:18 EDT
As previously reported, Raymond James upgraded Suburban Propane to Outperform from Market Perform and established a $28 price target. Analyst Benjamin Brownlow said FY18/FY19 coverage ratios are solid and sufficient DCF buffers against weather-related propane demand uncertainty, has increased confidence in FY18 EBITDA/DCF estimates following the favorable weather demand backdrop, and views 10% distribution yield as compelling.
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