Global Partners price target raised to $34 from $29 at RBC Capital

theflyonthewall.com

After Global Partners agreed to acquire 100% interest in a West Coast crude oil and ethanol facility, RBC Capital is upbeat about the deal and increased its estimates to incorporate recent guidance and the acquisition. The firm thinks the company is well-positioned to drive above average distribution growth over the next few years, and it maintains an Outperform rating on the shares.

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