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Fly News Breaks for July 6, 2015
EMES
Jul 6, 2015 | 06:38 EDT
Baird downgraded Emerge Energy to Underperform from Neutral and lowered its price target to $33 from $34. The firm believes Emerge Energy's variable rate distribution will bottom in Q2 at 54c, below the Street's 63c estimate, which could lead to a drop in shares as low as $28. Cowen said it would be incrementally positive on shares below $30.
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