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Fly News Breaks for January 7, 2020
HESM
Jan 7, 2020 | 08:55 EDT
As previously reported, Wells Fargo analyst Praneeth Satish upgraded Hess Midstream Partners to Overweight from Equal Weight with a price target of $25, up from $23. The analyst cited a clean structure, the company's unique cost of service and MVC-supported contract structure that has repeatedly been tested and shown to effectively limit downside, robust growth over the next two years, and significant long-term optionality as free cash flow increases and leverage is driven lower.
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