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Fly News Breaks for May 31, 2016
TOO
May 31, 2016 | 14:16 EDT
UBS lowered Teekay Offshore Partners' price target to $9.50 from $12 due to lower asset values which continue to impact the entire shipping industry and the assumed cancellation of the two UMS units that also impact its NAV estimate. The firm reiterates its Buy rating and said risk/reward remains favorable.
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