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Fly News Breaks for November 10, 2016
STON
Nov 10, 2016 | 08:07 EDT
As previously reported, Raymond James upgraded StoneMor to Outperform from Market Perform and established a $13 price target on shares. Analyst John Ransom said management's conference call was very constructive and said the main catalysts for the upgrade was new emphasis on cash flow from operations and distribution sustainability, visibility into increasing free cash flow, and 15% yield.
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