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Fly News Breaks for August 7, 2019
ENLC
Aug 7, 2019 | 18:03 EDT
MUFG analyst Barrett Blaschke downgraded EnLink Midstream to Neutral from Overweight and cut his price target on shares to $10 from $15, following the company's Q2 earnings report, which included "disappointing numbers" alongside the company's second guidance reduction this year and EnLink's chairman returning to the CEO role. The analyst called this move an attempt by management to "take a step forward by taking a step backward" and said he was concerned some investors would have preferred a "clean slate start in the CEO position."
News For ENLC From the Last 2 Days
