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SMLP

Summit Midstream

$23.03

0.09 (0.39%)

06:46
10/04/16
10/04
06:46
10/04/16
06:46

Summit Midstream files $1.5B mixed securities shelf, $837M in common units

Summit Midstream filed a $1.5B mixed securities shelf and $837M in common units representing limited partners interests.

SMLP Summit Midstream
$23.03

0.09 (0.39%)

08/12/16
BARD
08/12/16
UPGRADE
Target $33
BARD
Outperform
Summit Midstream upgraded to Outperform at Baird
As reported previously, Baird upgraded Summit Midstream (SMLP) to Outperform from Neutral to reflect the medium-term upside for the Barnett system after the Chesapeake (CHK) acreage sale along with Barnett stabilization. The firm also cites what it sees as compelling upside from valuation and growth in the Utica Shale. Baird raised its price target to $33 from $24 on Summit Midstream shares.
08/12/16
BARD
08/12/16
UPGRADE
BARD
Outperform
Summit Midstream upgraded to Outperform from Neutral at Baird
08/08/16
FBCO
08/08/16
UPGRADE
Target $30
FBCO
Outperform
Summit Midstream upgraded to Outperform on increased growth at Credit Suisse
As previously reported, Credit Suisse upgraded Summit Midstream to Outperform from Neutral and raised its price target to $30 from $27. Analyst John Edwards said Summit's Street estimates will have to come up higher following the Q2 beat and continues to believe they estimates have backed in too much conservatism for the Utica footprint where the company stands to benefit from expected growth of both wet gas and dry gas production.
08/08/16
FBCO
08/08/16
UPGRADE
FBCO
Outperform
Summit Midstream upgraded to Outperform from Neutral at Credit Suisse

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