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Fly News Breaks for December 21, 2016
SUN
Dec 21, 2016 | 07:39 EDT
As previously reported, Credit Suisse upgraded Sunoco (SUN) to Outperform from Neutral with a $31 price target. Analyst John Edwards said valuation is "underappreciated" and said a dividend cut is unlikely given options available for Sunoco and Energy Transfer Equity (ETE) to execute before reducing payouts.
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