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Fly News Breaks for January 11, 2019
SUN
Jan 11, 2019 | 07:34 EDT
BofA/Merrill analyst Dennis Coleman reinstated Sunoco with an Underperform and $26 price target. Coleman said Sunoco's valuation does not fully reflect the company's acquisition growth strategy, high cost of capital due to the incentive Distribution Rights payments, and potential risk of the distribution being cut.
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