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Fly News Breaks for March 7, 2019
SMLP
Mar 7, 2019 | 08:16 EDT
As reported previously, Baird analyst Ethan Bellamy downgraded Summit Midstream to Neutral from Outperform. The analyst cited investor uncertainty over IDR valuation and the ability of the resulting pro forma business to distribute cash as likely to impede equity performance. Bellamy lowered his price target to $10 from $23 on Summit Midstream shares.
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