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Fly News Breaks for June 8, 2017
LGCY
Jun 8, 2017 | 07:29 EDT
As noted earlier, Stifel downgraded Legacy Reserves to Sell from Hold. Analyst Brian J. Brungardt, Jr., says that balance sheet constrains will prevent the MLP from growing significantly through M&A, while there is "limited opportunity for materially higher commodity prices," according to the analyst. Target to $1 from $2.
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