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Fly News Breaks for July 29, 2019
ARLP
Jul 29, 2019 | 07:21 EDT
As previously reported, Seaport Global analyst Mark Levin downgraded Alliance Resource Partners to Neutral from Buy after the company reported quarterly results that were much weaker than expected and management cut its full-year shipment and exports guidance. Given depressed export market conditions and low natural gas prices, he thinks there is at least some possibility the company's distribution coverage falls below 1.0x in calendar 2020, Levin tells investors.
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