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Fly News Breaks for October 21, 2015
MEMP
Oct 21, 2015 | 08:22 EDT
BofA/Merrill downgraded Memorial Production to Neutral from Buy and lowered its price target to $7 from $19. Analyst John Abbott believes the upstream MLP business model is challenged and the company should be valued as a E&P C-Corp, making valuation less compelling.
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