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Fly News Breaks for August 13, 2019
WES
Aug 13, 2019 | 09:15 EDT
Ladenburg Thalmann analyst Michael Schmitz downgraded Western Midstream Partners (WES) to Neutral from Buy and lowered his price target for the shares to $28 from $39. Occidental Petroleum's (OXY) recent acquisition of Anadarko Petroleum, which owned 55% of Western Midstream's common units, brings uncertainties, in terms of both potential monetization plans and near- and long-term development plans, Schmitz tells investors in a research note.
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