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Fly News Breaks for August 12, 2016
CHK, SMLP
Aug 12, 2016 | 08:02 EDT
As reported previously, Baird upgraded Summit Midstream (SMLP) to Outperform from Neutral to reflect the medium-term upside for the Barnett system after the Chesapeake (CHK) acreage sale along with Barnett stabilization. The firm also cites what it sees as compelling upside from valuation and growth in the Utica Shale. Baird raised its price target to $33 from $24 on Summit Midstream shares.
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