Western Refining (WNR +6.1%) gets a boost from an upgrade to Outperform by Credit Suisse on...
Western Refining (WNR +6.1%) gets a boost from an upgrade to Outperform by Credit Suisse on valuation. The firm says the refiner has sold off considerably since the Seaway pipeline reversal announcement and on weak Q4 margins, and it's overdone. The company has reduced debt, culled unprofitable ventures and improved cash flow recently, which should equate to higher multiples over the near term.
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