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Fly News Breaks for May 19, 2017
ETP, PTXP
May 19, 2017 | 09:09 EDT
RBC Capital analyst Elvira Scotto downgraded PennTex Midstream Partners (PTXP) to Sector Perform from Outperform and raised her price target to $20 from $19 to account for Energy Transfer Partners' (ETP) tender offer to purchase all of the outstanding common units.
News For PTXP;ETP From the Last 2 Days
PTXP
May 22, 2017 | 05:47 EDT
Citi analyst Eric Genco downgraded PennTex Midstream Partners to Neutral citing the appreciation towards the tender value offer of $20. The analyst expects unitholders will accept the tender offer and lowered his price target for the shares to $20 from $21.
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