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Fly News Breaks for August 13, 2015
EVEP
Aug 13, 2015 | 06:21 EDT
Credit Suisse downgraded EV Energy two notches to Underperform from Outperform and reduced its price target to $8 from $17. The firm believes current distribution payouts are at risk given forward WTI strip prices. Credit Suisse is not modeling a 50% year-over-year, quarter-over-quarter distribution cut to 25c in Q1 2016.
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