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Fly News Breaks for February 22, 2018
EQM, RMP
Feb 22, 2018 | 05:26 EDT
Wells Fargo analyst Michael Blum downgraded Rice Midstream Partners LP (RMP) to Market Perform from Outperform and lowered his price target for the shares to $21 from $24. The analyst believes an EQT Midstream Partners (EQM), Rice Midstream merger would only be accretive to EQT Midstream unit holders if executed at no or modest premium, which he views as negative for Rice.
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