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Fly News Breaks for November 11, 2016
SUN
Nov 11, 2016 | 09:29 EDT
Stephens analyst Ben Bienvenu lowered his price target for Sunoco to $29 from $37 following the company's Q3 results. The analyst is "frustrated" with the leverage profile of the business and the accompanying, persistent acquisition activity of Sunoco, which stands at odds with the market's desire to see the company operate with a more conservative balance sheet. He reiterates an Overweight rating on the shares.
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