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TravelCenters downgraded to Neutral on buyout at B. Riley
The Fly

TravelCenters downgraded to Neutral on buyout at B. Riley

B. Riley analyst Bryan Maher downgraded TravelCenters to Neutral from Buy with a price target of $86, up from $75, after the company entered into an agreement in which BP will acquire TravelCenters for $86.00 per share. The analyst sees little reason to believe a better offer will come along.

Published first on TheFly

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