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Fly News Breaks for March 2, 2020
OXY, WES
Mar 2, 2020 | 07:55 EDT
Wells Fargo analyst Sharon Lui, lowered the firm's price target on Western Midstream (WES) to $14 from $21 and keeps an Equal Weight rating on the shares. While the analyst acknowledges the better than expected Q4 results, he highlights uncertainty around Occidental Petroleum's (OXY) long-term plans, potential renegotiations of G&P rates and general negative investor sentiment regarding G&P assets/companies.
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