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PetroLogistics (PDH +2.8%) is upgraded to Buy from Hold at Stifel Nicolaus following a review of...

PetroLogistics (PDH +2.8%) is upgraded to Buy from Hold at Stifel Nicolaus following a review of the updated CMAI forecast for propylene and propane. The firm remains confident in PDH's ability to fix the current operational issue at its facility and meet current demand with inventory, and says the current propane-to-propylene spread forecast indicates a warmer FY13.
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