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Inergy (NRGY) is upgraded to Neutral from Underperform at Robert W. Baird, with its price target...

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%.
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