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Fly News Breaks for July 18, 2018
SUN
Jul 18, 2018 | 06:06 EDT
Jefferies analyst Christopher Sighinolfi upgraded Sunoco to Hold with an unchanged price target of $22. While the analyst still expects a 30% distribution cut and "equity needs" resulting from elevated leverage, he no longer sees "sufficient downside" with the shares down 10% since early April.
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