Information Provided By: 
Fly News Breaks for August 13, 2019
WES
Aug 13, 2019 | 07:12 EDT
JPMorgan analyst Jeremy Tonet downgraded Western Midstream Partners to Neutral from Overweight and lowered his price target for the shares to $31 from $40. The analyst says he no longer has visibility into the company's growth following its "surprisingly" lower 2019 EBITDA guidance revision, led by a reduced Delaware growth outlook. Further, the magnitude of the change, combined with the lack of commentary on the year-end exit trajectory, introduces "significant uncertainty" regarding the Delaware and DJ ramp, says Tonet.
News For WES From the Last 2 Days
