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Fly News Breaks for November 5, 2015
EMES
Nov 5, 2015 | 09:30 EDT
After Emerge Energy reported weaker than expected results and announced it would evaluate strategic alternatives, Stifel does not expect the units to rise significantly in the near-term, given the headwinds faced by its industry. The firm notes that the company has exceeded the leverage ration permitted by its debt credit revolver. Consequently, Stifel is unsure about whether the company will be able to make any distribution payments going forward. It raised its price target on the name to $3 from $1 but keeps a Sell rating.
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