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Fly News Breaks for March 18, 2016
NDRO
Mar 18, 2016 | 08:50 EDT
As previously reported, Stifel analyst Brian Brungardt, Jr. downgraded Enduro Royalty to Sell from Hold as he views it as "significantly overvalued" in the current commodity price environment. The analyst believes Enduro Royalty will suspend its distribution given the lag in production and that it will underperform peers after such a suspension. Brungardt has a $2 price target on the shares.
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