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Fly News Breaks for April 19, 2016
SWN
Apr 19, 2016 | 06:29 EDT
UBS analyst William Featherston downgraded Southwestern Energy to Sell citing the stock's outperformance over the past 30 days. This rally in shares has "dramatically exceeded the ~$0.10/MMBtu increase in the 2017 futures strip over this time period," Featherston tells investors in a research note. He points to the company's financial leverage and declining production into 2017. The analyst raised his price target for Southwestern to $9 from $7.
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