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Fly News Breaks for October 19, 2016
ALDW, WNR
Oct 19, 2016 | 06:28 EDT
Citi analyst Faisel Khan upgraded Western Refining (WNR) to Buy citing his more bullish stance on Refiners. Near-term weakness is priced into the shares while the Environmental Protection Agency release of its 2017 Renewable Volume Obligations on November 30 should serve as a "major catalyst" for the group, Khan tells investors in a research note. He raised his price target for Western Refining shares to $34 from $23. The analyst this morning also upgraded Alon USA Partners (ALDW) to Buy.
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