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Fly News Breaks for February 12, 2018
SWN
Feb 12, 2018 | 16:28 EDT
MUFG Securities analyst Michael McAllister lowered his price target on Southwestern Energy to $6.50 following last week's announcement that the company is looking for "strategic alternatives" for their Fayetteville assets. While the news comes as little surprise to investors, the analyst notes that he is reducing his FY18 production outlook, while also adding that natural gas-levered equities should trade at a discount. McAllister keeps his Neutral rating on Southwestern Energy.
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