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Fly News Breaks for November 15, 2016
Nov 15, 2016 | 08:13 EDT
As noted earlier, RBC Capital upgraded Western Refining to Outperform from Sector Perform. Analyst Brad Heffern says that the company's uncertainty has declined in the wake of the completion of its acquisition of Northern Tier. Moreover, he expects Permian spreads to widen in Spring 2017, providing "a tailwind" for Western Refining "throughout 2H17." Target to $35 from $30.
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