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Fly News Breaks for June 17, 2019
FANG, RTLR
Jun 17, 2019 | 06:43 EDT
JPMorgan analyst Jeremy Tonet started Rattler Midstream (RTLR) with an Overweight rating and $23 price target. Rattler represents the only pure-play Permian-focused midstreamer and possesses "significant operating leverage" to Diamondback Energy's (FANG) "robust" development plans, Tonet tells investors in a research note. He believes Rattler will outperform peers as the market gains comfort upon its strategy execution.
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