Market Currents
PetroLogistics (PDH) is initiated with a Buy rating and a $16 price target at Dahlman Rose,...
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Monday, September 10, 2012, 12:27 PM ETPetroLogistics (PDH) is initiated with a Buy rating and a $16 price target at Dahlman Rose, which sees PDH as a "pioneer" in the trend toward on-purpose production of feedstock chemicals. At the same time, the firm expects the propane/propylene spread to widen as a result of supply compression and improving demand.
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