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Fly News Breaks for October 8, 2018
Oct 8, 2018 | 20:45 EDT
Goldman Sachs analyst Michael Lapides initiated Energy Transfer Equity with a Buy rating and a price target of $23 per unit as part of his broader research note on Americas Pipelines and MLPs partially titled "the Age of Normalcy moves ahead". The analyst says the stock should "benefit from several large-scale projects coming in-service" over the second half of this year and in 2019 which should improve cash flows "significantly come 2020 and reduce leverage".
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