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Fly News Breaks for February 3, 2020
FLMN
Feb 3, 2020 | 06:04 EDT
Credit Suisse analyst Betty Jiang downgraded Falcon Minerals to Neutral from Outperform with a price target of $6, down from $7. The company's "disappointing" Q4 capped off a "challenged" 2019, and a discount valuation is warranted given Falcon's limited growth visibility beyond Hooks Ranch, Jiang tells investors in a research note. The analyst says the company's pre-released Q4 production missed her total production by 18% and oil production by 10%.
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