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Fly News Breaks for November 12, 2019
LONE
Nov 12, 2019 | 16:14 EDT
As previously reported, SunTrust analyst Neal Dingmann downgraded Lonestar Resources to Hold from Buy citing valuation as he continues to forecast a slight cash flow outspend next year. Though he believes the company has "ample liquidity," Dingmann also cites high leverage in his rating change, stating that he estimates leverage to stay near 4 times, including preferred, next year.
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