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Fly News Breaks for August 16, 2017
ANDX, WNRL
Aug 16, 2017 | 17:26 EDT
MUFG analyst Barrett Blaschke upgraded Andeavor Logistics (ANDX) to Overweight with an unchanged price target of $60. The acquisition of Western Refining Logistics (WNRL) makes Andeavor a "stronger entity" with a wider base of assets, a "sustainable rate" of distribution growth and a lower-cost of capital which should support long-term growth, Blaschke tells investors in a research note.
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