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Fly News Breaks for September 9, 2016
SDLP
Sep 9, 2016 | 05:56 EDT
Wells Fargo analyst Michael Webber downgraded Seadrill Partners to Underperform saying the case for residual equity value is difficult given continuing risks around counterparty/rollover risks and credit/covenant/cross default risks. The analyst lowered his price target range for the shares to $1-$2 from $2-$3.
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