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Fly News Breaks for October 27, 2015
MEMP
Oct 27, 2015 | 05:53 EDT
UBS analyst Shneur Gershuni double downgraded Memorial Production Partners LP to Sell from Buy saying the partnership is likely to take distributions down in 2015 in order to retain cash flow. The analyst expects the recent trend of distribution cuts despite excess coverage will gain momentum in the Upstream Space. He cut his price target for shares to $5 from $8.
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