Inergy (NRGY) is upgraded to Neutral from Underperform at Robert W. Baird, with its price target raised to $21 from $15, based on the company's propane unit sale. In addition to exiting the poor retail propane business to focus on the more attractive midstream business, the transaction delevers NRGY from 55% debt/capital to 25%.
Inergy (NRGY) is upgraded to Neutral from Underperform at Robert W. Baird, with its price target...
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