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Fly News Breaks for November 13, 2018
SWN
Nov 13, 2018 | 07:24 EDT
BofA/Merrill analyst Doug Leggate upgraded Southwestern Energy to Neutral and raised its price target to $7 from $5. The analyst said US natural gas prices have lifted by 50c in the past 3 weeks and $1 since September as cold weather forecasts have been updated. Leggate sees the potential for a gas price spike above $5 due to tight natural gas inventories, the lowest in 15 years, combined with low salt inventory and higher coal prices.
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