As reported earlier, SunTrust analyst Tristan Richardson downgraded Andeavor Logistics to Hold from Buy and also lowered his price target to $42 from $51. The analyst says that he previously believed that "earnings contributions from the recent dropdown would drive distribution growth" until the company merged with its sister, but now sees the timing of the merger as less clear amid a "pause in distribution growth, results below expectations and past guidance now stale". Richardson views the management's "decision to halt distribution growth" as a sign that it is assessing the "earnings growth trajectory" while also deciding on the extent that the cash flows of the asset base "can support further distribution growth".