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Fly News Breaks for December 9, 2016
VNR
Dec 9, 2016 | 06:35 EDT
Citi analyst Faisel Khan downgraded Vanguard Natural to Sell saying the partnership is at a higher risk of default given its lack of options to meet dent payments combined with its relatively high leverage. The company may be forced into Chapter 11 early next year, Khan tells investors in a research note. He cut his price target for the shares to 50c from $1.
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